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RAI’s View on Proposed GST Hike for Premium Apparel, Accessories, and Cosmetics

The Retailers Association of India (RAI) expresses concern over the proposed GST rate increases, as they could have far-reaching consequences on both the formal retail sector and consumer sentiment. Here are our key observations: Risk to Formalisation and Rise of Informal Trade: The GST regime has been pivotal in formalising businesses in India, fostering a structured […]