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New GST Policy Boosts Small Businesses, Reports Show 15% Revenue Growth
Summary
A recent government report released today highlights the positive impact of the revised GST policy implemented in January 2026. Small and medium enterprises (SMEs) across India hav
A recent government report released today highlights the positive impact of the revised GST policy implemented in January 2026. Small and medium enterprises (SMEs) across India have reported an average revenue increase of 15% due to simplified tax slabs and faster refund processes. The Ministry of Finance stated that compliance rates have improved by 20%, reducing legal bottlenecks for businesses. According to Bloomberg, the policy changes have also encouraged digital transactions, enhancing transparency. Analysts suggest this could lead to sustained economic growth in the SME sector over the coming quarters.
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