GST rates to come down drastically! 99% of items in 12% bracket may...

GST rates to come down drastically! 99% of items in 12% bracket may move to 5%; here’s how you will benefit

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The Centre's proposed GST revamp is set to significantly alter tax slabs, with approximately 90% of items from the 28% bracket potentially moving to 18%. Furthermore, about 99% of goods currently in the 12% slab could be shifted to the 5% bracket.

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