GST Reforms Boost Uttar Pradesh’s Economy, Empowering Artisans & MSMEs With Lower Taxes & Global Competitiveness
Following the GST cut from 12 per cent to 5 per cent, handmade carpets will become cheaper. This is likely to improve affordability in domestic markets, strengthen export competitiveness, and ease working-capital pressures for family looms and SMEs that dominate the cluster.