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top blockchain legal 2024 ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!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.

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top blockchain legal 2024 ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!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.

top blockchain legal 2024 ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!This success came after the government reduced the 28% GST slab from 224 items to 50 in 2017, simplifying the tax system for businesses.

top blockchain legal 2024 ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!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.

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top blockchain legal 2024 ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!Businesses, particularly SMEs, could face increased compliance costs as they struggle to navigate these new distinctions.

top blockchain legal 2024 ✌️【365vc.net】✌️Maximize your returns with smart investments. Monthly profits of up to 100%!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.

top blockchain legal 2024 ✌️【365vc.net】✌️Low investments, high profits! Start with ₹500 and earn consistent monthly income.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.top blockchain legal 2024 Crypto & Blockchain: Small Investment, Big Returns