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GST changes | Now, enabling provision for peak 40% rate

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he GST Council has proposed to raise the peak tax rate to 20 per cent, from the current 14 per cent, in the model goods and services tax Bill to preclude the requirement of approaching Parliament for any change in rates in future.The change in the peak rate will not alter the 4-slab rate structure of 5, 12, 18 and 28 per cent agreed upon last year, but is only a provision being built into the model law to take care of contingencies in future, two officials in the know told PTI.----------------------------------------------------------------------------------------------☛ Download ETV Android App: https://goo.gl/aub2D9For Latest Updates on ETV Channels !!☛ Visit our Official Website: http://www.etv.co.in☛ Subscribe for Latest News - https://goo.gl/tEHPs7☛ Like us : https://www.facebook.com/ETVTelangana☛ Follow us : https://twitter.com/etvtelanganaa☛ Circle us : https://goo.gl/2UCQkm-----------------------------------------------------------------------------------------------

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