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building wealth through subscription based businesses ✌️【365vc.net】✌️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.

building wealth through subscription based businesses ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.This could trigger future demands for reclassification or highertaxslabs for other goods, potentially expanding the complexity of the GST system.While the finance minister and the Central Board of Indirect Taxes and Customs (CBIC) called these reports as “premature and speculative,” the development has sparked debate about the consistency ofIndia’s tax regime.

building wealth through subscription based businesses ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!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.

building wealth through subscription based businesses ✌️【365vc.net】✌️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.

building wealth through subscription based businesses ✌️【365vc.net】✌️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.

building wealth through subscription based businesses ✌️【365vc.net】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!Sub-dividing product categories based on price points, under HSN codes, will add another layer of difficulty in classification.

building wealth through subscription based businesses ✌️【365vc.net】✌️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.

building wealth through subscription based businesses ✌️【365vc.net】✌️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.

building wealth through subscription based businesses ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!This is partly because, according to WHO reports, legal cigarettes in India have become the most unaffordable in the world basis the country’s per capita GDP.International investors are drawn to tax environments that are stable and predictable.building wealth through subscription based businesses ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!