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India's GST rate second highest in the world: World Bank
short by Krishna Veera Vanamali / on Thursday, 15 March, 2018
The World Bank has said India's highest GST rate of 28% is the second highest among a sample of 115 countries which have a similar indirect tax system. It also said the different GST rates prevalent in the Indian system make it complex for compliance. Only five countries, including India, use four non-zero GST slabs, the World Bank added.
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