{"id":34831,"date":"2018-10-31T13:30:06","date_gmt":"2018-10-31T08:00:06","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=34831"},"modified":"2018-10-31T13:30:06","modified_gmt":"2018-10-31T08:00:06","slug":"fewer-gst-slabs-possible-after-rise-in-revenue","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/fewer-gst-slabs-possible-after-rise-in-revenue\/","title":{"rendered":"Fewer GST slabs possible after rise in revenue:"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/fewer-gst-slabs-possible-after-rise-in-revenue-jaitley\/article19782561.ece\"><span style=\"font-weight: 400;\">Fewer GST slabs possible after rise in revenue<\/span><\/a><span style=\"font-weight: 400;\">: <\/span><\/p>\n<p><b>Context<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bigger reforms such as lower number of slabs under the Goods and Services Tax (GST) regime will be considered once there is revenue neutrality.<\/span><\/li>\n<\/ul>\n<p><b>Why such reforms?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">To reduce compliance burden for small taxpayers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There will be space for improvement eventually, once economy becomes revenue neutral.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bigger reforms such as lesser slabs will depend on revenue neutrality fully.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">At present, GST slabs have rates of 5%, 12%, 18% and 28%.<\/span><\/li>\n<\/ul>\n<p><b>Change is required<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India is going through indirect taxation at a time when the economy is growing, and the direct tax is paid by the more affluent sections, while indirect tax is a burden on all. Therefore, a change is must.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fewer GST slabs possible after rise in revenue: Context Bigger reforms such as lower number of slabs under the Goods and Services Tax (GST) regime will be considered once there is revenue neutrality. Why such reforms? To reduce compliance burden for small taxpayers. There will be space for improvement eventually, once economy becomes revenue neutral.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/fewer-gst-slabs-possible-after-rise-in-revenue\/\">Continue reading <span class=\"screen-reader-text\">Fewer GST slabs possible after rise in revenue:<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-34831","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704900002},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=34831"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/34831\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=34831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=34831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=34831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}