GST rate structure finalised, majority of items in 12% and 18% tax slabs3 min read . Updated: 04 Nov 2016, 11:48 AM IST
On demerit and sin goods like aerated drinks, luxury cars, tobacco and pan masala, a cess will be levied by the centre over and above the 28% GST rate
New Delhi: India moved a step closer towards implementing the goods and services tax (GST) after the centre and the states struck a consensus on the rates and structure of the ambitious tax reform.
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