GST Reforms to Boost Sikkim's Economy

The new GST reforms in Sikkim aim to lower tax burdens on essential goods and services, enhancing competitiveness and stimulating growth in key sectors such as tourism, pharmaceuticals, and food processing. With reduced GST rates, the tourism sector is expected to thrive, creating more jobs and attracting more visitors. The pharmaceutical industry will benefit from lower taxes on medicines, improving affordability and export potential. Additionally, specialty items like Temi tea and local food products will become more affordable, further supporting Sikkim's economic development.

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