Impact of GST Over Indian Handicraft Industries

Impact of GST Over Indian Handicraft Industries

Adverse effects of GST (Goods and Services) regime can be clearly seen over handicraft industries. Census data says there is a huge downfall in handicraft industry from 1996 to 2010. The growth has slashed by approx 53% which is a drastic price change we can see on hand-made products. Apart from this, the new tax framework also intercepting the growth of the industry.

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