NEW DELHI: The Government of India has unveiled a set of GST rate rationalisation measures aimed at lowering costs, addressing duty-related distortions, and boosting competitiveness across diverse sectors such as paper, leather, wood, handicrafts, commercial vehicles, tractors, food processing, textiles, toys, and packaging materials.

In what comes as a relief to e-commerce exporters, the GST Council has approved DGFT’s proposal (OM dated 8 May 2025) to eliminate the value threshold for GST refunds on low-value consignments. Following Annexure-V, Para 3 of the Press Note from . . .