GST slab of 28% may become virtual hollow shell in year or so, says CEA – Goods and Services Tax – GST – Dated:- 26-7-2018 – New Delhi, July 25 (PTI) Outgoing Chief Economic Adviser Arvind Subramanian today exuded confidence that the highest slab of 28 per cent tax under GST would be virtually a hollow shell over the next year or so. The all powerful GST Council comprising state finance ministers and headed by Union Finance Minister has pruned the highest 28 per cent slab by cutting tax rates on 191 goods over the last one year, including ACs, digital cameras, video recorders, dish-washing machines and automobiles. There are just 35 items left in the highest tax bracket. When the 28 per cent tax rate was imposed on certain items under GST,
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