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0139 GST Assign by whitehat202497 is a document available to read on EtoBox.

The Goods and Services Tax (GST) in India, implemented on July 1, 2017, replaced multiple taxes with a unified system and has undergone significant reforms with GST 2.0 effective from September 22, 2025. The new structure simplifies tax rates into three main categories: 5%, 18%, and 40%, while abolishing previous rates of 12% and 28%, aiming to enhance transparency and compliance. Key changes include reduced rates for essential goods and services, a new 40% rate for luxury items, and the phasing out of the

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whitehat202497

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EN