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Centre denies reports of GST council planning to raise 5% tax slab to 8%

Centre denies reports of GST council planning to raise 5% tax slab to 8%

The Central Government has categorically denied the media reports claiming that the Goods and Services Tax (GST) Council is planning to raise a five per cent tax slab to eight per cent, said the government sources.

The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and there is no truth in it.

Currently, GST has a four-tier slab structure of 5, 12, 18, and 28 per cent. Besides, gold and gold jewellery attract a three per cent tax.

Last year, GST council formed a Group of Ministers (GoM) on rate rationalisation, headed by Karnataka Chief Minister Basavaraj Bommai, which includes West Bengal Finance Minister Amit Mitra, Kerala Finance Minister K N Balagopal, and Bihar Deputy Chief Minister Tarkishore Prasad.

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