Wednesday, March 05, 2025 | 11:06 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Gujarat elections: GST tweaks help restore BJP's edge

Discontent in industrial clusters ebbs

After the revision in GST rates, textiles saw a downward rate of 12 per cent to five per cent on job work of zari/embroidery and from 18 per cent to 12% on synthetic yarn
Premium

After the revision in GST rates, textiles saw a downward rate of 12 per cent to five per cent on job work of zari/embroidery and from 18 per cent to 12% on synthetic yarn

Sohini DasVinay Umarji Ahmedabad
Hardly a fortnight before Gujarat goes to Assembly polls, recent policy changes, especially in the goods and services tax (GST), seem to have assuaged the negative mood against the ruling Bharatiya Janata Party (BJP).

The latest downward revision in GST rates in November seem to have placated the anti-establishment mood in major industrial clusters of textiles, diamonds, ceramics and pharma-chemicals.

While textiles saw a downward rate revision from 12 per cent to five per cent on job work of zari/embroidery and from 18 per cent to 12 per cent on synthetic yarn, the Morbi-based ceramic tiles and sanitaryware cluster saw

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in