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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.

ftv futurov governance token in india ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.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.

ftv futurov governance token in india ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.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.

ftv futurov governance token in india ✌️【365vc.net】✌️Safe and proven fund strategies. Begin with ₹500 and achieve 100% monthly profits.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.

ftv futurov governance token in india ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.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.

ftv futurov governance token in india ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.The US dollar has risen to a two-year high, which could lead to an increase in oil prices for buyers using other currencies.

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.ftv futurov governance token in india Blockchain Investments: Earn Up to 100% Monthly Returns