56th GST Council meet on September 3–4 to decide on 2-slab taxation proposal
Currently, India follows a four-slab GST system — 5 per cent, 12 per cent, 18 per cent and 28 per cent — along with an additional cess on sin and luxury goods.
Currently, India follows a four-slab GST system — 5 per cent, 12 per cent, 18 per cent and 28 per cent — along with an additional cess on sin and luxury goods.
The projected total compensation shortfall in the current fiscal stands at Rs 2.35 lakh crore.
PM Modi on Tuesday had pledged a further rationalisation of the GST to ensure that items of regular use won’t face the top 28 per cent rate.
Earlier, when asked whether the GST council meeting discussed bringing petrol and diesel under the ambit of Goods and Services Tax (GST)
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A crucial meeting of the Goods and Services Tax (GST) Council was underway here on Saturday to discuss key issues…
With less than a month to go for the rollout of the new indirect tax regime, the GST Council will…
