GST Reforms in Textiles, Apparel and Logistics
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This document outlines significant Goods and Services Tax (GST) reforms in India, focusing on the textile, apparel, and logistics sectors. Key changes include reduced GST rates on readymade garments, man-made fibres, yarns, and carpets, making them more affordable domestically and competitive internationally. The reforms also address logistics costs by lowering GST on commercial vehicles. These measures aim to boost domestic demand, support small and medium enterprises, enhance export competitiveness, and strengthen India's position as a global manufacturing hub. The document is useful for businesses in these sectors, policymakers, and anyone interested in India's economic reforms.
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