GST rate slabs likely to be restructured post-Budget; Centre, state govts to discuss new rates: Report
As of now, there are four slabs under the GST regime — 5, 12, 18 and 28 percent. Goods and services under the 28 percent category also attract cess over and above the rate, which ranges between 1 and 25 percent.
Arun Jaitley says GST standard rate to be fixed between 12-18% as revenues increase; claims sun setting on 28% slab
The GST Council in its last meeting on Saturday cut rates on 23 items, thereby trimming the 28 percent slab.
GST slabs can be reduced to three in future for the convenience of consumers and businesses: Sushil Kumar Modi
Modi said that there are five slabs in GST and "there is an intention to reduce it to three slabs but it will take some time" as it is related to states' revenue
FICCI celebrates 90th year: India has entered an era of reasonable political stability, says Arun Jaitley
GST Council's aim is to reduce number of tax slabs under GST, says Sushil Kumar Modi at FICCI event
There are hiccups in the government’s tax reform which is touted as the last step towards simplifying indirect tax regime
CAIT, the traders body, has demanded that the government declare first nine months post GST implementation up to 31 March as an interim period,