Goa’s GST 2.0 cuts taxes on tourism, autos, pharma, and MSMEs to boost growth and lower prices.

Goa’s GST 2.0 reforms are set to boost the state’s economy by lowering tax rates across key sectors. Tourism, employing 250,000 and contributing 16.43% to GSDP, will see reduced GST on essentials like toiletries and fruit juices, cutting prices by up to 11%. Auto and bike rentals will benefit from lower taxes, easing costs for 40,000 workers. The pharmaceutical, construction, fisheries, and MSME sectors—including bakeries and cashew processors—will gain from reduced input costs, improving export competitiveness and profitability. Overall, the changes aim to stimulate demand, lower consumer prices, and strengthen economic resilience across Goa’s diverse industries.