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Eight years of GST rollout: PwC India proposes three-slab structure, inclusion of petro-products to ease compliance
As India's GST completes eight years, PwC India advocates for reforms like a simplified three-rate structure and the phased inclusion of petroleum products, starting with ATF, to align with global trade dynamics. While GST collections have surged, the report highlights challenges like inverted duty structures and cascading tax effects due to the exclusion of certain items.
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