The Hindu Newspaper Analysis | 24th August | UPSC Current Affairs Today | Aastha Pilania

"The State Bank of India had conducted a survey... they proposed at that That if this kind of rationalization of slab happens the average tax rate... Is Expected to Fall to 9.5% Which was as high as 14% in 2017."

"Sin Goods were kept in the 28% slab earlier will now be taxed at an even higher slab, That is 40%. So there will be a higher tax Rates for the sin goods at 40% along with A cess."

"Most of the common Used Goods Now Will Be Current That Are Currently taxed at 18 will now be taxed At 5%."

"Multiple goods that were in the 28% slab now Will Only Be Considered and Does 95% of the Goods in the 28% slab will now move to 80."

"In fact, 99% of the goods that were in the 12% Tax rate will now be taxed at 5% only."

"all items that are Currently in the 0.25 and 3% tax rates are now Going to come under the less than 1% tax rate Slab That Is Going To Be Created."

"now we are set to conclude that senses in 2027"

"this figure is of course set to increase and almost Double in the Years to Come Where Urbanization Is The Rising Trend That We Will Witness."