GST Reforms: Powering Punjab’s Growth & Livelihoods
The recent GST reforms in Punjab have reduced tax rates from 12% to 5% across various sectors including textiles, handicrafts, footwear, metalware, food, dairy, and bicycles. This reduction aims to make goods more affordable, boost domestic consumption, and enhance competitiveness in both local and export markets. The reforms are expected to strengthen livelihoods for thousands of artisans and workers, formalize supply chains, and preserve Punjab's rich cultural heritage, ultimately stimulating economic growth and employment opportunities in the region.
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