GST Reforms to Boost Goa’s Economy
Recent GST reforms in Goa are set to significantly reduce costs across various sectors, including tourism, transportation, pharmaceuticals, and agriculture. Key changes include a reduction in GST rates on essential goods and services, leading to price drops of 6-11% for stays, food, and travel, benefiting approximately 2.5 lakh workers. The reforms aim to enhance affordability, competitiveness, and stimulate growth in both rural and urban industries, ultimately boosting Goa's economy.
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