Will GST Council Drop 12% Tax Slab?

Published On: May 29, 2024 - The Goods and Services Tax (GST) Council may initiate a new rate rationalisation exercise, exploring the possibility of eliminating certain rates, particularly the 12% slab, to achieve a revenue-neutral structure. What are the current GST slabs? What does the government want to do with the items in the 12% tax bracket? Watch this explainer by News9’s Kartik Malhotra.