New Delhi [India], October 2 (ANI): The recent Goods and Services Tax (GST) rate rationalisation has extended relief across key sectors, including handicrafts, food products, footwear, toys, textiles and industrial goods. According to a government release on Thursday, the reforms are expected to lower costs for consumers, improve margins for artisans and micro, small and medium enterprises (MSMEs), and strengthen the competitiveness of Uttar Pradesh’s export clusters.As per the release, in the Bhadohi-Mirzapur-Jaunpur belt, home to one of the world’s largest handmade carpet clusters, the tax cut from 12 per cent to 5 per cent is likely to make carpets about 6-7 per cent cheaper. With more than 100,000 looms and over one lakh livelihoods tied to weaving, dyeing and finishing, this change is

See Full Page