Free Press Journal

GST council to slash tax on 80 per cent items

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Patna : Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, on Wednesday said tax rates on 80 per cent items of top 28 per cent slab are likely to be slashed at the council’s meeting starting from Thursday. “Tax rates on 80 per cent of 227 items falling in top slab is likely to be reduced from 28 per cent to 18 per cent in the next GST council meeting. The GST fitment committee has also recommended reducing tax rates from 18 per cent to 12 per cent on a number of goods”, Sushil Modi said.