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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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strp strips finance in india for beginners ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.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.
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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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strp strips finance in india for beginners ✌️【365vc.net】✌️₹500 investment to unlock massive monthly income. Start now and grow your earnings online!Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.
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