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        <h1>Central GST rate cuts lower taxes across multiple tariff lines, easing costs for manufacturers, exporters, MSMEs and consumers</h1> A central GST-rate revision reduced rates across multiple tariff lines-shifting many items from 28%/18%/12%/5% to lower brackets (including 0%, 5% and nil)-to apply to textiles, handicrafts, coir, food and fisheries, electronics, automobiles, renewable energy, defence and related inputs. Legally, the measure lowers effective tax burdens, alters compliance and input-credit dynamics for MSMEs and large manufacturers, and affects pricing, export competitiveness and public procurement costs. Projected sectoral impacts include lower retail prices, improved margins for exporters, and estimated employment effects in apparel, automotive and fisheries supply chains within the affected state.

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        ActsIncome Tax
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