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Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Start with ₹500 and earn steady, high returns every month!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.

Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!These systems minimize confusion, reduce administrative burdens, and promote tax compliance.For India, adopting a streamlined approach would mean reducing the current four-slab GST system (5%, 12%, 18%, 28%) to three: 5% for essential goods, 12% or 15% for most products, and 28% for luxury or harmful goods like tobacco.

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

Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!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.

Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly.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.

Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.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.

Check the latest petrol and diesel prices in major cities on 20 December 2024.Real Estate Syndication for Global Investors ✌️【Job Listing】✌️Invest ₹500 in blockchain and watch your profits multiply monthly.