There was a thought in some quarters that the slab of 5% may be broken into 3% and 8%, and the remaining slabs of 12, 18 and 28% will continue
The Narendra Modi government on Monday categorically denied media reports pertaining to the Goods and Services Tax (GST Council) planning to raise the tax slab from five per cent to eight per cent. Sources in the Modi government dismissed the news as speculative and having no truth in it.
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