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Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos absorbing Re 1 – Chennaionline

Petrol, diesel prices cut by Rs 2.50 after excise reduction; oil cos absorbing Re 1 – Chennaionline
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GST rates finalised; lowest tax band fixed at 5%, highest at 28%

New Delhi: The Goods and Services Tax (GST) Council has decided a four-tier rate structure of 5%, 12%, 18% and 28% on Thursday. The tax brackets that have been decided are steeper than the rates of 6%, 12%, 18% and 26% earlier proposed by the government. The government plans to roll out the new ....

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