The GST 2.0 rationalisation has reduced rates across textiles and logistics, easing structural anomalies, cutting costs, and boosting demand. The reforms will make garments more affordable, lower freight costs, strengthen SMEs, and enhance India’s export competitiveness, particularly in textile
The government said GST reforms have rationalised food processing tax rates to 5 per cent, reducing compliance burden, correcting duty anomalies, and making food more affordable. The move is expected to boost demand, encourage investments, strengthen MSMEs, and create jobs across the sector
