GST standard rate to be fixed between 12-18 pc as revenues increase: Arun Jaitley

Finance Minister Arun Jaitley on Monday said that going forward, as tax revenues significantly increase, India will have GST slabs of 0 per cent, 5 per cent and a standard rate between 12-18 per cent for commonly-used items. However, luxury and sin goods will continue to be taxed in a higher rate.

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