India Cuts GST Rates on 23 Items Ahead of Election

The video discusses the Indian government's plan to reduce the number of tax slabs under the GST, aiming to boost economic growth ahead of the 2019 elections. The focus is on reducing the highest tax bracket and addressing fiscal challenges due to lower-than-expected GST collections. Key sectors like automobiles and cement are considered for tax cuts, but fiscal constraints pose challenges.

What is the primary goal of the proposed changes to the GST tax slabs?

• To increase the number of tax slabs

• To eliminate all tax slabs

• To reduce the number of tax slabs

• To maintain the current number of tax slabs

Why is the government focusing on economic growth ahead of the 2019 elections?

• To decrease inflation

• To improve international relations

• To reduce unemployment

• To boost consumption and growth

Which items are considered for tax cuts but face hesitation due to their revenue contribution?

• Electronics and clothing

• Automobiles and cement

• Food and beverages

• Healthcare and education

What is one of the challenges the government faces in implementing tax cuts?

• Increasing the fiscal deficit

• Lowering import duties

• Decreasing public spending

• Raising interest rates

What is the informal GST collection target set by the government?

• One hundred billion rupees

• One million rupees

• One billion rupees

• One trillion rupees