Major GST shake-up: 12% and 28% slabs to be axed
Only 5% and 18% slabs to be retained; 99% of items currently in the 12% slab will be moved to the 5% rate and 90% of goods and services in the 28% bracket will move to 18%; there will be no cess of any kind over and above the GST rates
Only 5% and 18% slabs to be retained; 99% of items currently in the 12% slab will be moved to the 5% rate and 90% of goods and services in the 28% bracket will move to 18%; there will be no cess of any kind over and above the GST rates
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