GST Panel

TNI Bureau: In a major decision, the Group of Ministers (GoM) on GST rate rationalization has accepted the Centre's proposal to move to a two-slab structure of 5% and 18% for Goods and Services Tax (GST). The main objective of reducing…

GST Panel proposes 2 GST Rates - 5% & 18%. 12% and 28% slabs will be scrapped. However, Petrol and Diesel still remain out of GST ambit.