Impact of GST Tax Rates on Handicraft Industry in India

Impact of GST on Handicraft Industry

Despite being one of the largest business sectors in India, in terms of employment, the Indian handicrafts industry is suffering a lot because of the decreasing demands of handmade items in the country and abroad. The implementation of the goods & services tax (GST) has only increased problems for artisans employed in this industry. The confusion of tax rates on different craft items, increase in manufacturing cost, etc are just some of the issues being faced by the industry. Read More