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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.

AI for Autonomous AI Chatbots ✌️【Return】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.This could trigger future demands for reclassification or highertaxslabs for other goods, potentially expanding the complexity of the GST system.While the finance minister and the Central Board of Indirect Taxes and Customs (CBIC) called these reports as “premature and speculative,” the development has sparked debate about the consistency ofIndia’s tax regime.

AI for Autonomous AI Chatbots ✌️【Return】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.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.

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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.

AI for Autonomous AI Chatbots ✌️【Return】✌️Start with ₹500 and enjoy up to 100% monthly returns. Invest smart, earn big!Sub-dividing product categories based on price points, under HSN codes, will add another layer of difficulty in classification.

AI for Autonomous AI Chatbots ✌️【Return】✌️Start small with ₹500 and get high returns with minimal risk. Perfect for beginners!Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

AI for Autonomous AI Chatbots ✌️【Return】✌️Secure high monthly returns with a ₹500 investment. Start your wealth journey today!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.

AI for Autonomous AI Chatbots ✌️【Return】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!This is partly because, according to WHO reports, legal cigarettes in India have become the most unaffordable in the world basis the country’s per capita GDP.International investors are drawn to tax environments that are stable and predictable.AI for Autonomous AI Chatbots Achieve Financial Freedom through Smart Investments