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Less GST slabs, More Growth

This refers to the Edit, Go for a Single Rate of About 14 percent.Though the Finance Ministry has hinted at convergence of GST slabs over time, it is increasingly becoming a necessity.

Pulling down GDP in H1, confusion over categories, classifications and slabs has affected business sentiments across the nation.

A reduction in the tax slabs will bring more tax payers under the GST net. That has been the experience in other countries. Another issue of importance is to bring petroleum products under GST.

The government has to adopt a bold approach.

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