New slab for GST?

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Bihar Deputy Chief Minister Sushil Modi said the Goods and Services Tax (GST) Council would examine the possibility of merging the 12 and 18 percent tax rates to a new slab.

Modi, a member of the GST Council, has also suggested it that price tags displayed on items be inclusive of all taxes.

 New slab for GST?

“The GST Council will put an effort to examine the possibility of merging the tax rates of 12 percent and 18 percent to a new slab which will be in between the two tax rates. There are about 50 items in the bracket of the 28 percent tax rate and the number of items can be reduced from the highest rate.

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