Proposed GSTLI Amendment Could Slash Incentives and Threaten Closures; J&K Industries in Crisis
JAMMU, Aug 31: A proposed amendment to the GST Linked Incentive (GSTLI) scheme, shifting from Gross GST to Net GST and introducing capping, has caused significant concern among new industrial units in Jammu and Kashmir (J&K). The potential reduction or elimination of incentives under the new framework is raising fears of financial instability…
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