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New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
Delhi/Hyderabad. Sept 5 (Maxim News): The Union Finance Minister Nirmala Sitaraman has taken a dig at the Congress party and its top leader Rahul Gandhi, who are claiming that the credit for the Goods and Services Tax (GST) 2.0 is theirs. She said that the same people who had previously criticised GST as the Gabbar singh Tax are now taking credit for GST 2.0. Here To Join Us On WhatsApp She said that opposition leaders, who had earlier described the Goods and Services Tax as Gabbar singh Tax, ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a m ...Read More >
NEW DELHI: Tax sceptics tend to scoff at any move to increase taxes on tobacco, alcohol and sugary drinks to improve public health outcomes. The popular cynic's axiom is that if alcohol doesn't kill you, sin taxes will. So, zero sum. However, the World Health Organisation (WHO) says there's an impressive body of research evidence suggesting that high taxes on sin products do work. For instance, between 2012 and 2022, tobacco taxes were raised in 140 countries such that prices went up by 50% on ...Read More >
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