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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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recommend product to earn bonus income reward return ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!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.

recommend product to earn bonus income reward return ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

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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.

recommend product to earn bonus income reward return ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.Sub-dividing product categories based on price points, under HSN codes, will add another layer of difficulty in classification.

recommend product to earn bonus income reward return ✌️【365vc.net】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

recommend product to earn bonus income reward return ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.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.

recommend product to earn bonus income reward return ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.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.recommend product to earn bonus income reward return Crypto & Blockchain: Small Investment, Big Returns