GST Council fixes 4-rate structure from 5% to 28%

By | 04/11/2016

GST Council fixes 4-rate structure from 5% to 28%

how-pocket-friendly-will-gst-be-for-youGST council has agreed on rate structure as 0%, 5%, 12%, 18% and 28%. Having a slab rate structure in GST is departure from popular international practice of having one rate of tax for all goods and services.
Here are the 10 latest developments in this big story:

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  • The rate and scope of the long-delayed tax has been agreed upon today by the powerful GST Council, which consists of Mr Jaitley and…

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