How Can Rate Rationalisation Help in Reducing the Tax Complexity? Experts' Answers скачать в хорошем качестве

How Can Rate Rationalisation Help in Reducing the Tax Complexity? Experts' Answers

The ongoing delay in GST rate rationalisation has raised concerns about increasing tax complexity. Experts argue that instead of adjusting rates for individual goods, the focus should be on merging the existing slabs to reduce the number of tax brackets. Countries like India, with multiple GST slabs, face challenges in managing these complexities. The GST Council needs to prioritize simplifying the structure, reducing classification issues, and avoiding bizarre interpretations by officers. Furthermore, with the compensation cess ending in 2026, rate rationalisation must consider how to balance state revenue and inflation control, alongside increasing the tax base for a simpler, more efficient system. #gstcouncilmeeting #raterationalisation #tax For more videos subscribe to our channel:    / @ndtvprofitindia   Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-r... Follow NDTV Profit here Twitter:   / ndtvprofitindia   ,   / ndtvprofit   LinkedIn:   / ndtv.  . Telegram: http://t.me/ndtvprofitnews