Fri, Dec 28, 2018
This segment of Zee Business brings to you latest updates. Service sector gets GST relief through composition scheme. Watch this video to know more.
Sat, Nov 11, 2017
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%.
On November 10, the GST Council cut tax rates of over 175 products that were in the highest tax slab of 28% under the regime. Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.
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