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AI Powered Learning Tools ✌️【Job Search】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!The cascading effects may include reduced job creation, slowed innovation, and a dampened business sentiment.Countries with efficient tax systems, like Canada, Japan, and Singapore, maintain simplified VAT or GST structures with fewer tax slabs, making compliance easier for businesses.

Canada, for instance, has a single VAT rate of 5%, while Japan and Singapore follow similarly straightforward models with rates of 10% and 9%, respectively.

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AI Powered Learning Tools ✌️【Job Search】✌️Small investments, big results! ₹500 can earn you up to 100% in just 30 days.This would help simplify the tax system, especially for small and medium enterprises (SMEs), improving business efficiency and encouraging compliance.

Gradually phasing in these changes would also prevent disruptions in revenue.

AI Powered Learning Tools ✌️【Job Search】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!As seen from the past, lowering indirect taxes spurs demand, which, in turn, can generate higher tax collections in the long run.

In a slowing economy, reducing GST rates, especially on consumer goods, could boost consumption and create a virtuous cycle of economic activity.With GST collections already at record levels, there is no pressing need to introduce a 35% tax slab.

Instead, the government should focus on making the tax system simpler and more efficient by lowering rates and consolidating existing slabs.

AI Powered Learning Tools ✌️【Job Search】✌️Start investing with ₹500 and experience up to 100% returns every month!Simplification, not multiplication, is the key to sustaining India’s economic growth.(Disclaimer: Views expressed are personal and do not reflect the official position or policy of Financial Express Online.

Reproducing this content without permission is prohibited.)Oil prices went down on Friday due to concerns about slower demand growth in 2025, particularly in China.

AI Powered Learning Tools ✌️【Job Search】✌️Invest ₹500 in our safe platform and start earning passive income every month.The US dollar has risen to a two-year high, which could lead to an increase in oil prices for buyers using other currencies.

Meanwhile, slower interest rate cuts could hinder economic growth and reduce oil demand.

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