GST Council Prunes List of Items in 28% slab – Outlook India

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  • Last Updated on 26 October, 2020

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Outlook India “Only 50 items will attract the highest tax rate of 28% now, with the GST Council moving nearly 175 items to the lower slab.
 
“This is a crucial decision considering India has very high tax slab of 28% excluding cess. In future, we may expect that government will further slash tax rates by moving from 4-tier tax slabs to fewer slabs or even single GST rate,” Vishal Raheja, DGM, Taxmann.
 

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