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GST rate reduction has higher multiple effect on economy, than income tax cut: Ambit Capital
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on ...
From 1 April next year, the new Income Tax Act, 2025, will replace the six-decade-old Income Tax Act of 1961 India undertook a sweeping restructuring of its tax framework in 2025, slashing Goods and ...
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