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Maharashtra’s GST reforms slash taxes on key sectors, boosting affordability and economic growth.
Maharashtra’s economy is set for growth after GST reforms lowered rates on key sectors.
Sugar GST cut from 12% to 5% should reduce wholesale prices by 7%, helping major producing regions.
Processed fruit products like juices and jams now face a 5% rate, cutting costs by 6–7% and boosting horticulture hubs.
Textile and handicraft sectors in Solapur, Ichalkaranji, Kolhapur, and Paithan will see input cost reductions of 6–7%.
Solar panels, water heaters, and Warli paintings become more affordable.
Medicines now taxed at 5%, and health and life insurance premiums are exempt, improving access.
IT/ITES firms can now claim GST refunds on export-classified services, enhancing cash flow and global competitiveness.
Early signs include record festive sales.
Las reformas de GST de Maharashtra reducen los impuestos en sectores clave, impulsando la asequibilidad y el crecimiento económico.