<h1>Trade group warns GST slab uncertainty and sudden regulatory changes could devastate millions of digital-first MSMEs during festive season</h1> An industry trade group warned that sudden regulatory changes, including uncertainty over GST slab revisions, could severely disrupt millions of digital-first MSMEs for whom the festive season generates 35-40% of annual sales; over 2.5 million small businesses now sell via major online marketplaces and have already committed capital to inventory and logistics for the seasonal surge. The group urged regulators to avoid introducing new compliance measures during this critical period and requested prompt clarity on tax slabs to prevent revenue loss, supply-chain harm and erosion of trust in digital marketplaces that enable small-town business growth.