GST, which came into play on July 1, 2017, has four tax slabs - 5%, 12%, 18% and 28%. Almost 227 items were there in 28% GST slab, now only 50 remain, which are mostly luxury items, rest have been put in 18%.
Union Finance Minister Arun Jaitley addresses a press conference after attending the 23rd GST Council meeting in Guwahati on Nov 10, 2017. Photo: IANS