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simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!News on the Group of Ministers (GoM) onGSTrate rationalizationproposing a 35% GST slab for products like tobacco, tobacco products, and aerated drinks, along with creating sub-segmentations based on price points, has dampened economic sentiment in the country which is already grappling with declines in thestock market.The introduction of the35% GST slabcould have ripple effects on other sectors.

For example, products in luxury or indulgence categories, and non-essential goods with higherhealthor environmental burden like alcohol, processed foods and gaming, may face pressure for being included into the new slab.

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simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️₹500 is all you need to start your profitable journey. Invest today for high monthly returns!While the intent is to generate more revenue and promote public health, these changes could deter global investors from viewing India as a stable market.India’sGST collectionshave shown impressive growth in recent years.

Monthly GST revenues doubled between 2017-18 and 2023-24, reaching Rs 1.68 lakh crore, with an all-time high of Rs 2.10 lakh crore in April 2024.

simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️Boost your savings with a ₹500 investment. High returns are just a click away!This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️Invest ₹500 and let AI make your money grow at an impressive rate every month.The decision to prune the highest tax slab made compliance easier and encouraged economic activity.

Given the current strength of GST collections, introducing a new 35% slab risks undoing these gains.The proposed fifth tax slab at 35% targets demerit goods, but it introduces unnecessary complexity into an already functioning GST structure.

simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️Start with ₹500 and see the power of compound growth. Enjoy fast and secure returns!Sub-dividing product categories based on price points, under HSN codes, will add another layer of difficulty in classification.

simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

simplyhired ca for Indians for beginners ✌️【Part-Time Tasks】✌️Turn ₹500 into much more with AI-assisted investments that offer high returns.This complexity risks triggering classification disputes and slowing down the ease of doing business, particularly for those already burdened with the intricacies of multiple tax filings.A highertax ratecould inadvertently encourage tax evasion or the growth of the black market, especially in India’s tobacco sector, which is now the world’s 4th largest illicit market because of high tax arbitrage.

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