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"
- India Urges BRICS VAT Harmonisation to Boost Trade and Agriculture
- India intensifies GST enforcement for foreign digital-service providers under OIDAR rules
- India: GSTN Launches E-Invoicing for RCM Self-Invoices
- India GST Council Proposes E-Invoicing for Reverse Charge Purchases
- India: GSTN Introduces E-Invoicing for RCM Self-Invoices
