Government, health care sector at loggerheads over new GST Rate
The decision to levy 5 per cent Goods and Service Tax (GST) was taken at the recently held 47th GST Council meeting.
Source: indiatoday.in
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The decision to levy 5 per cent Goods and Service Tax (GST) was taken at the recently held 47th GST Council meeting.
While the GST is credited for bringing in tax compliance and making over Rs 1 lakh crore revenue collection every month "a new normal", there are confusions over so many categories in the single, indirect tax regime.
Currently, GST has four-tier tax slabs. The slabs are 5 per cent, 12 per cent, 18 per cent, and 18 per cent.