Niti Aayog member bats for 2 GST slabs, says rates should not be revised frequently

The goods and services tax (GST), which replaced almost all the indirect taxes, came into force from July 1, 2017, and the rates on goods and services have been revised several times since then. Currently, there are four GST rate slabs -- 5 per cent, 12, per cent, 18 per cent and 28 per cent. Several items fall in exempt category or nil duty. Besides, cess is also levied on five goods.

from Economy-News-Economic Times https://ift.tt/39cSTNq