https://www.taxtmi.com/news?id=29845 India's Goods and Services Tax regime is criticised as unduly complex and disproportionately burdensome on ordinary consumers, with multiple rates, cesses and recent rate adjustments shifting the tax burden onto the shrinking middle class and lower-income households. The multiplicity of rates and slab confusion increases compliance costs for small businesses while advantaging large firms, and the piece advocates slab rationalisation and broader tax reform to reduce regressivity and support consumption and growth. en-us Thu, 09 Jan 2025 15:46:03 +0530 Thu, 09 Jan 2025 15:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29845 India's Goods and Services Tax regime is criticised as unduly complex and disproportionately burdensome on ordinary consumers, with multiple rates, cesses and recent rate adjustments shifting the tax burden onto the shrinking middle class and lower-income households. The multiplicity of rates and slab confusion increases compliance costs for small businesses while advantaging large firms, and the piece advocates slab rationalisation and broader tax reform to reduce regressivity and support consumption and growth. News - Thu, 09 Jan 2025 15:46:03 +0530 https://www.taxtmi.com/news?id=29845