GST may have flaws but we cannot damn it; it is 'kanoon' of the country, says Finance Minister Nirmala Sitharaman
GST was launched across the country with effect from 1 July, 2017.
Real estate to come under GST? Arun Jaitley sees strong case for it, Council to take up issue next month
Bringing real estate under the ambit of GST would result in consumers paying one "final tax" on the whole product, which would be help them by making the taxes almost negligible,
The price reduction will range from Rs 1.4 lakh on the CLA sedan to Rs 7 lakh on Maybach S 500.
The government should announce "GST slab that will be acceptable in Parliament".
The central bank said the impact of implementation of GST on consumer price-indexed inflation would largely depend on the standard rate that would be decided by the GST Council.