News > Govt sources denied a report that GST Council plans to raise the 5% tax slab to 8%

Govt sources denied a report that GST Council plans to raise the 5% tax slab to 8%

Newsonair | 18/04/2022 09:28 PM | Click to read full article

Today, the Union Government denied the report that GSTĀ Council plans to raise the five percent tax slab to eight percent. Highly placed government sources said there is no such proposal and 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 percent. Besides, gold and gold jewelry attract a three percent tax.