GST Council may look to rationalise 28% slab; taxes on cement may be cut
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from GST. The 2018-19 budget had estimated annual GST collection at Rs 13.48 lakh crore, which means a monthly target of Rs 1.12 lakh crore.
![GST Council may look to rationalise 28% slab; taxes on cement may be cut GST Council may look to rationalise 28% slab; taxes on cement may be cut](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/12/14/64268-gst-withcoins-reuters.jpg?itok=yYtFeLdL&c=ac83f34b40e4bc8abdd6dfb5abca35b0)
There were around 226 goods in the 28 per cent category, when the Goods and Services Tax (GST) was implemented on July 1, 2017. Image source: Reuters