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October 19, 2016

GST Council Discusses a Four-Tier Rate Structure

The GST Council discusses a four-tier rate structure and agrees on compensation to the loss-incuring states for the first five years of the tax regime. With a peak rate of 26 percent plus cess on ultra-luxury and demerit goods, lower slabs are set at 6, 12 and 18 percent. Read more on Business Standard

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