The GST Council tweaked rules on Friday to make life simpler for small businesses and exporters and also cut rates on 27 products , including man-made yarn, which was a key demand of the textiles sector, in a bid to mollify those complaining about the new tax regime. While the main focus was on reducing the compliance burden for a majority of taxpayers+ who contribute a minuscule part of the revenue, the move to reduce the rate on man-made fibre was meant to comfort businessmen in states such as Gujarat, where…
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