Gst Rejig Likely: Council May Shift Daily-use Goods To 5% Slab

In a awesome development, sources propose that nan authorities is considering removing nan 12% GST slab altogether. Goods and services presently nether this slab — including ghee, butter, processed food, mobile phones, packaged coconut water, umbrellas, and much — whitethorn soon displacement to nan 5% slab. The GST Council’s upcoming 15th meeting, expected later this month, could beryllium nan shape for this decision. If statement is reached, this would people nan first large structural alteration successful GST slabs since nan strategy was introduced.