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GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab
Officials are also considering taxing certain items that were previously exempt, such as treatment in 'expensive' private hospitals and high-value company home leases


To raise additional revenue, the Goods and Services Tax (GST) Council may raise the base rate to 9-10 percent from five percent, reports The Times of India.
The GST Council will reportedly discuss the option of moving 243 items to the 18 percent slab and scrapping the 12 percent slab. If this fructifies, there will be three GST slabs: five percent, 18 percent and 28 percent.
Rejigging the GST structure may help raise an additional Rs 1 lakh crore in revenue, the report said, adding that the increase in levies could raise the effective tax rate to 12.5-12.75 percent from the current 11.6 percent.

https://www.moneycontrol.com/news/b...from-5-move-243-items-to-18-slab-4712001.html
 

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