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best blockchain technology companies ✌️【Investment】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.News on the Group of Ministers (GoM) onGSTrate rationalizationproposing a 35% GST slab for products like tobacco, tobacco products, and aerated drinks, along with creating sub-segmentations based on price points, has dampened economic sentiment in the country which is already grappling with declines in thestock market.The introduction of the35% GST slabcould have ripple effects on other sectors.

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.

best blockchain technology companies ✌️【Investment】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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.

best blockchain technology companies ✌️【Investment】✌️Invest ₹500 and unlock guaranteed returns up to 100%. Start growing today!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.

best blockchain technology companies ✌️【Investment】✌️Turn ₹500 into massive returns with smart, high-yield investments!This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

best blockchain technology companies ✌️【Investment】✌️Start investing with ₹500 and see your wealth grow rapidly every month.The decision to prune the highest tax slab made compliance easier and encouraged economic activity.

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.

best blockchain technology companies ✌️【Investment】✌️₹500 is all you need to unlock fast, high returns. Start investing today!Sub-dividing product categories based on price points, under HSN codes, will add another layer of difficulty in classification.

best blockchain technology companies ✌️【Investment】✌️Low risk, high returns! Invest ₹500 today and grow your wealth month by month.Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

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