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peloton stock price ✌️【Freelance】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!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.

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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.

peloton stock price ✌️【Freelance】✌️Start with ₹500 and achieve up to 100% monthly returns. Simple, safe, and highly profitable.This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

peloton stock price ✌️【Freelance】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.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.

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peloton stock price ✌️【Freelance】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

peloton stock price ✌️【Freelance】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!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.

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