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India's GST Council cuts tax rates to 5% and 18%, aiming to boost economy and ease living costs.
India's GST Council has approved significant reforms, reducing tax rates to two slabs of 5% and 18%, effective September 22.
Leaders like P Chidambaram welcomed the changes but criticized the delay, while others praised the move for boosting economic growth and easing the cost of living.
The reforms aim to benefit farmers, businesses, and consumers, but opposition parties question the timing and effectiveness of the changes.
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El Consejo GST de la India reduce las tasas de impuestos al 5% y al 18%, con el objetivo de impulsar la economía y aliviar los costos de vida.