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Use AI to analyze customer purchasing patterns and improve sales strategies ✌️【Capital】✌️Start investing with ₹500 and see your wealth grow rapidly 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.

Use AI to analyze customer purchasing patterns and improve sales strategies ✌️【Capital】✌️₹500 is all you need to unlock fast, high returns. Start investing today!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.

Use AI to analyze customer purchasing patterns and improve sales strategies ✌️【Capital】✌️₹500 to start earning passive income with high monthly returns.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.

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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.

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

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