GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22

Finance Minister Nirmala Sitharaman on Wednesday announced major Goods and Services Tax (GST) rate cuts, saying that with the two-tier tax rate system approved, the common man will benefit greatly. The GST Council approved the two-tier rate structure of 5% and 18%. The GST rate […]