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Earn distribution share ✌️【Part-Time Recruitment】✌️Make your ₹500 grow rapidly with AI-backed investments.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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Earn distribution share ✌️【Part-Time Recruitment】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.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.

Earn distribution share ✌️【Part-Time Recruitment】✌️From ₹500 to exponential growth. Start investing now for high returns!This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

Earn distribution share ✌️【Part-Time Recruitment】✌️Small start, big rewards! ₹500 to grow your wealth with minimal risk.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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Earn distribution share ✌️【Part-Time Recruitment】✌️Make your ₹500 grow rapidly with AI-backed investments.Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

Earn distribution share ✌️【Part-Time Recruitment】✌️Invest ₹500 and see your money grow with fast, reliable returns!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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