GST Overhaul: A Two-Slab System and a ₹2 Lakh Crore Problem
The Proposed GST Shake-Up and States’ Concerns A major overhaul of the GST system is on the table, with the central government proposing to simplify the current four-tier tax structure into just two slabs: 5% and 18%. This would replace the existing 5%, 12%, 18%, and 28% rates. A separate 40% slab is also being … Read more