J&K Launches ‘GST 2.0’ Tax Rationalization, Adopts 7-Step Protocol for Consumer Benefit

By | October 7, 2025

J&K Launches ‘GST 2.0’ Tax Rationalization, Adopts 7-Step Protocol for Consumer Benefit

  • New Two-Tier Tax Structure

    The Jammu and Kashmir government has rolled out the next-generation GST 2.0 reforms, effective September 22. The previous four tax slabs of 5%, 12%, 18%, and 28% have been rationalized into a simpler two-tier structure of 5% and 18%. This major change is anticipated to result in reduced prices for 99% of daily use items.

  • 7-Step Protocol for Compliance and Consumer Welfare

    To ensure the smooth implementation of the tax cuts and that benefits are passed to consumers, the administration has implemented a strict 7-step consumer benefit protocol:

    • Policy Communication: Advisories are being issued to trade bodies for clarity and compliance.
    • Awareness and Capacity Building: Organizing webinars, publishing brochures, and launching media campaigns to spread knowledge about the changes.
    • Monitoring and Documentation: Collecting invoices and voluntary price declarations to ensure reduced rates are accurately reflected in the market.
    • Enforcement: Intensifying market surveillance and putting Legal Metrology teams on strict check to penalize overpricing and monitor MRP revisions.
    • Inter-Departmental Coordination: Departments like Health & Medical Education are conducting surprise inspections to ensure tax cuts on medicines and services reach patients.
    • Citizen Support: Establishing GST Suvidha Kendras and helplines in every district to assist taxpayers with compliance and grievance redressal.
    • Review and Reporting: The final step involves a structured process for reviewing the implementation and reporting the outcomes.

Source:- business-standard

Category: GST

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com