GST Rationalisation to Boost MSMEs and E-Commerce Exports

The Government of India has introduced GST rate rationalisation measures aimed at reducing costs and enhancing competitiveness across various sectors. Key reforms include the elimination of the value threshold for GST refunds on low-value e-commerce exports, benefiting small exporters and MSMEs. The changes are expected to lower input costs, streamline refund processes, and support India's ambition to become a global hub in textiles, food processing, and handicrafts, while ensuring consumer benefits.

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