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GST council likely to slash tax on 80 per cent items of top rate slab: Sushil

GST council likely to slash tax on 80 per cent items of top rate slab: Sushil

PATNA: Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, today 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 tomorrow.

“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 at a function at the Bihar Chamber of Commerce here.

“So far, tax rates have been slashed on more than 100 items”, he added.

The GST Council will meet on November 9 and 10 in Assam’s capital Guwahati. (AGENCIES)

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