November 1, 2026
Business

GoM backs Centre’s proposal for two-tier GST structure with 5 and 18%

The GoM of state finance ministers endorsed the Centre’s proposal for a two-tier GST structure with 5 and 18 per cent slabs and a 40 per cent levy on sin and luxury goods

​The GoM of state finance ministers endorsed the Centre’s proposal for a two-tier GST structure with 5 and 18 per cent slabs and a 40 per cent levy on sin and luxury goods 

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