GST likely to have 3 slabs
The GST Council is likely to replace the current four main slabs of 5%, 12%, 18% and 28% with a simplified three-tier system of 5%, 12% and 40%. Sources said that there are chances that the Council may abolish the 28% by introducing a new tax rate i e 40%.
The GST Council is likely to replace the current four main slabs of 5%, 12%, 18% and 28% with a simplified three-tier system of 5%, 12% and 40%. Sources said that there are chances that the Council may abolish the 28% by introducing a new tax rate i e 40%.
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