Most Essentials in 5% Slab
But both the Centre and states agree that it may not be the right time for such an exercise given India’s high inflation. Fewer slabs would mean that GST on some items could go up, which could make goods expensive at a time when consumer inflation has touched an eight-year high of 7.79%.
Source economictimes
Latest Posts in "India"
- CBIC Clarifies EPR Registration Verification for Importers of Plastic Packaging
- Tripura and Karnataka High Courts Clarify GST ITC and Refund Rules
- Supreme Court Rejects Centre’s Plea to Restore ₹363 Crore GST Demand on Vodafone Idea
- RCM Liability, Revenue Neutrality, and Penalty Upheld Under CGST and IGST Acts
- GSTN Enables Appeals Against NIL or Zero Demand Orders
