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Industry seeks fewer GST slabs

NEW DELHI: Industry has sought simplified and more convergent GST rates with fewer slabs and lifting of long-term capital gains tax to boost disposable incomes that would help revive consumption.

GSTN.-thinkstock

The suggestions came up on Tuesday during finance minister Nirmala Sitharaman’s pre-budget consultations with industry, trade and services sectors amid discussions on regulatory environment impacting private investment, measures to promote exports, industrial production, logistics, media and entertainment services and IT and ITenabled services.
 

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