Cryptocurrency Q&A
Why is GST high in India?
Why is GST high in India?
EclipseChaser
Fri Nov 29 2024
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5 answers
716
I'm curious about the reason behind the high GST in India. I want to understand the factors that contribute to this and possibly the rationale behind the government's decision to set it at this level.
5 answers
BlockchainLegendary
Sun Dec 01 2024
This reform has significantly contributed to boosting consumption levels, as consumers now enjoy more affordable prices.
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Tommaso
Sun Dec 01 2024
The implementation of GST has also resulted in a surge in indirect tax revenues for the government.
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BitcoinWarrior
Sun Dec 01 2024
Prior to GST, the cascading effect of taxes under the previous tax regime had led to inflated prices of goods in India.
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SamsungShineBrightnessRadiance
Sun Dec 01 2024
These higher prices compared to global markets made Indian products less competitive domestically and internationally.
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SakuraBloom
Sun Dec 01 2024
Introducing GST has been a strategic move to foster competitive pricing in the Indian market.
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