New GST regime from Sept 22: 5% and 18% slabs remain, 40% on luxury goods
The 56th meeting of the GST Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday, approved the rationalisation of GST rates, abolishing the 12 per cent and 28 per cent slabs. The new slab structure will come into effect from September 22, the first day of Navaratri. The Council cleared a two-tier tax structure with rates of 5 per cent… Continue reading "New GST regime from Sept 22: 5% and 18% slabs remain, 40% on luxury goods"