Tag: Goods and Services Tax

GST rates on 22 items cut; cement, auto parts still in highest slab in India

NEW DELHI:Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday reduced tax rates on 22 items, of which seven were from the highest slab of 28%. Taxes on items with big revenue implications for the exchequer, such as cement and automobile components, still remain within the 28% bracket. India’s Finance Minister […]

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