Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

GST panel may recommend to hike 5% tax slab to 6% to boost revenues

Copy URL
Embed

A revamp of goods and services tax (GST) structure is on the cards as the committee for augmenting GST revenue collections is likely to rejig the slabs and raise the existing 5 per cent rate to 6 per cent that can help to garner additional revenues of Rs 1,000 crore per month. At present, the 5 per cent slab includes essential commodities such as food items, basic clothing, and footwear.

15views
Have something to say? Post your comment

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service