GST CouncilGST can consider a very big change in the slab. Yes, the GST Council can eliminate 12 percent GST slab. If this change is applicable, then the number of GST slabs will decrease from 4 to 3. Hindustan Times has informed about the people associated with the case. The report said that the government can consider shifting the things and services coming in 12 percent GST slab to 5 percent and 18 percent slabs.
Who will benefit, who will be harmed
If this decision is applicable, then on one hand some people will get a big benefit, then many people will also have to bear its loss. The consumers associated with the things and services that come in the 12 percent slab will come in the 5 percent slab. On the other hand, the consumers associated with the things and services which will come in the slab of 18 percent will have to pay more than before.
Who will take the final decision on GST slab
Officers and experts who advise a group of ministers (GOM) to rationalize the GST rate have reached “almost consensus” on this. He believes that the current 12 percent GST slab is no longer relevant and items under it can be shifted to 5 percent or 18 percent slab. It said that the proposal to remove 12 percent tax slab has been supported by most central and state government officials, experts and GOM representatives. However, the GST Council has to take a final decision on this. “
What are the things in 12% GST slab
India currently has 4 GST slabs of 5 percent, 12 percent, 18 percent and 28 percent. 12 percent GST slab in condensed milk, drinking water packed in 20 liters of bottles, walkie talkie, tank and other armored fighter vehicles, contact lenses, cheese, dates, dried fruits, pasta, jam, packaged fruit juice, salts, milk bottles, bottles, bottles, cakes, cakes, bicycles, cakes, cakes, Handbags made of furniture, pencil, jute or cotton, shopping bags, shoes priced below Rs 1000, diagnostic kits and many other things come. Let us tell you that the next meeting of the GST Council is expected to be held in late June or early July.
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