New Delhi, Aug. 19 -- The proposed Goods and Services Tax (GST) reforms are set to significantly impact various sectors by reducing tax rates, enhancing affordability, and boosting consumption, said a report by Systematix Research.

Acccording to the report, the food and beverages sector will benefit from a GST reduction to 5 per cent on packaged foods, dairy, and snacks, driving volume growth.

The report further added that consumer durables and automobiles will see increased demand due to lower GST rates on white goods and small vehicles.

Construction materials, healthcare, textiles, and renewable energy sectors will also gain from tax cuts, improving margins and competitiveness. MSMEs (Micro, Small, and Medium Enterprises) and hotels ...