Скачать или смотреть GST Shake-Up: Government Proposes To Scrap 12%, 28% Rate Slabs In Two-Slab Plan

The government has proposed the existing 12% and 28% slabs under the Goods and Services Tax structure as a part of its two-slab plan, according to people familiar with the matter. About 99% of the of the items that are currently taxed at 12% will move to the 5% category while most goods taxed at 28%—including white goods— will move to the 18% category, the people told NDTV Profit. “The Centre is looking at all ongoing issues holistically and will propose a comprehensive package in the next GST Council meeting,” an official source said, adding that the proposal is not linked to US tariffs or geopolitical developments.

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