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financial wealth management ✌️【Job Search】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!With India’seconomyalready facing challenges such as slowing consumption, the timing of a 35% GST slab could harm investor confidence in the Indian market.

financial wealth management ✌️【Job Search】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!The option to raise the tax slab further to 40% adds regulatory uncertainty, which undermines the stability businesses need for long-term planning.

financial wealth management ✌️【Job Search】✌️Begin with ₹500 and earn fast, safe returns month after 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.

financial wealth management ✌️【Job Search】✌️From ₹500 to massive profits. Start investing now for high returns!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.

financial wealth management ✌️【Job Search】✌️Get started with ₹500 and unlock huge returns every month.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.

financial wealth management ✌️【Job Search】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!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.

financial wealth management ✌️【Job Search】✌️Start with ₹500 and earn reliable, high returns each and every month!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.

financial wealth management ✌️【Job Search】✌️Invest ₹500 and earn up to 100% returns every month. Start now!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.financial wealth management Blockchain Technology: Invest for High Returns