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Govt backs merger of 2 tax slabs in GST Premium 3 min read Share Via Read Full Story The central government is in favour of merging the goods and services tax (GST) rates of 12% and 18% into a single slab, a top finance ministry official said, acceding to a demand first made by some states and endorsed by the Fifteenth Finance Commission (FFC). GST Council, India’s federal indirect taxes body, may discuss the matter at its meeting in March, the official added. TRENDING STORIESSee All 1 min read 2 min read Premium 2 min read 2 min read . 13 Apr 2021 Apart from special rates of 0.25% and 3% on precious stones and metals, India currently has four primary GST rates of 5%, 12%, 18% and 28%. There is also a cess on luxury and demerit goods such as automobiles, tobacco and aerated drinks.

Andhra pradeshTamilisai soundararajanMamata banerjeeRaj nivasAbhisheka rastogiAbhishek jainArun jaitelyMetromane sreedharanAmit shahThomas isaacKerala assemblyFirst bankGst councilTelangana governor tamilisai soundararajanLieutenant governorWest bengal mamata