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Government Proposes To Scrap 12%, 28% Rate Slabs, Eyes Two-Slab System
About 99% of items currently taxed at 12% will move to the 5% category, sources said, adding that the Centre proposes new 40% for sin goods and is aiming for GST rate rejig by Q3 FY26.
About 99% of items currently taxed at 12% will move to the 5% category, sources said, adding that the Centre proposes new 40% for sin goods and is aiming for GST rate rejig by Q3 FY26.
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