Srinagar, Sept. 5 -- The Kashmir Trade Alliance (KTA) has welcomed the major reforms announced by the GST Council, terming them a landmark step that will ease compliance, reduce tax burden, and give a much-needed boost to the trade and tourism-driven economy of Jammu and Kashmir.

KTA President Aijaz Shahdhar, while reacting to the development, said the decision to simplify the GST structure by reducing the slabs from four to two would bring wide-ranging relief for traders, shopkeepers, and small and medium enterprises. "The earlier multi-slab system was complicated and burdensome, creating confusion, disputes and unnecessary paperwork. Moving from four slabs to two slabs will not only make compliance easier but will also help stabilise c...