Why GST restructuring is the need of the hour
India is one of the few countries to have opted for a more intricate structure, featuring four or more tax slabs. GST slabs in India are 0%, 5%, 12%, 18% and 28%. The complexity escalates as cess is applied to certain luxury and ‘sin products, such as cars. Furthermore, cess rates vary based on factors like the vehicles length and fuel type, be it petrol or diesel.
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Source: indiatimes.com