India to lower items placed under maximum tax rate, minister says
India will slash the number of items placed in the maximum tax rate of 28 percent to 50 under the goods and services tax, deputy minister of a state said on Friday, after a meeting of state finance ministers and officials.
The decision comes amid complaints by traders and small businesses which say the new nationwide tax, which came into effect from July, has increased their tax and administrative burden.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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