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Freelance Graphic Design for Product Labels ✌️【Profit】✌️Start with ₹500 and experience high returns month after month.The option to raise the tax slab further to 40% adds regulatory uncertainty, which undermines the stability businesses need for long-term planning.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Low investment, big rewards! ₹500 to start and grow your money consistently.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.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Get started with ₹500 and enjoy secure and high returns every month!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.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.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.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Invest ₹500 and enjoy exponential growth 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.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Start investing today with ₹500. Grow your wealth with high-yield returns!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.

Freelance Graphic Design for Product Labels ✌️【Profit】✌️Start with ₹500 and earn up to 100% returns monthly. It’s fast and easy!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.Freelance Graphic Design for Product Labels ✌️【Profit】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.