Big GST Revamp: 12%, 28% slabs to be scrapped; GoM accepts Centre’s proposal
Today (August 21), the Centre has approved GoMs’ proposal on rate rationalisation, insurance taxation, and compensation cess. The government has given a green signal to the GST revamp plan with slabs of 5 per cent, 18 per cent, and 40 per cent, Bihar Deputy Chief Minister Samrat Choudhary said on Wednesday. Currently, the GST is…