GST Rate Rationalisation: Expanding Opportunities for Bihar

The recent GST rate rationalisation in Bihar is set to significantly boost the state's economy, particularly benefiting agriculture, dairy, handlooms, and handicrafts. Key products like Makhana and Shahi Litchi will see reduced tax rates, enhancing competitiveness and supporting local farmers and MSMEs. The dairy sector will also benefit from GST-free products, while handloom crafts like Bhagalpuri silk and Madhubani art will become more affordable. Overall, the reforms aim to ease consumer costs, support rural livelihoods, and strengthen various sectors, aligning with the vision of Atmanirbhar Bharat.

Source: Original Link