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wealth management how to jobs passive income ✌️【Return】✌️Invest ₹500 in our safe platform and start earning passive income every month.With India’seconomyalready facing challenges such as slowing consumption, the timing of a 35% GST slab could harm investor confidence in the Indian market.

wealth management how to jobs passive income ✌️【Return】✌️Invest small, earn big! ₹500 can earn you consistent monthly profits!The option to raise the tax slab further to 40% adds regulatory uncertainty, which undermines the stability businesses need for long-term planning.

wealth management how to jobs passive income ✌️【Return】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!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.

wealth management how to jobs passive income ✌️【Return】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!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.

wealth management how to jobs passive income ✌️【Return】✌️Earn massive monthly returns. Start investing with ₹500 today!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.

wealth management how to jobs passive income ✌️【Return】✌️Start with ₹500 and get fast returns through secure and profitable investments.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.

wealth management how to jobs passive income ✌️【Return】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.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.

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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.wealth management how to jobs passive income Financial Success: Up to 100% Monthly Returns