- GST on readymade garments up to 2500 rupees per piece is now 5 percent, making apparel more affordable and boosting domestic demand.
- GST on man-made fibres and yarns reduced to 5 percent, removing inverted duty structure and strengthening small and medium enterprises.
- GST on carpets and other textile floor coverings reduced to 5 percent, enhancing global competitiveness.
- GST on commercial goods vehicles lowered to 18 percent, cutting logistics costs and supporting exports.
- These reforms aim to correct structural anomalies, reduce costs, boost demand, and support the Make in India initiative.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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