26 per cent could be the peak GST rate
DSIJ Intelligence / 18 Oct 2016
Even as markets are looking at triggers to find direction, currently taking cues from global markets, Goods and GST bill developments and its details is one development that can enthuse markets.
Even as markets are looking at triggers to find direction, currently taking cues from global markets, Goods and GST bill developments and its details is one development that can enthuse markets.
According to media reports, it is likely that the centre could propose a four-tier tax structure under GST with peak slab being speculated to be around 26 per cent.
Report further suggests 20-25 per cent of the taxable goods including those consumed by the middle class could be under the same slab i.e 26 per cent.
On Tuesday a deliberation is expected to decide on the tax rate, states compensation and other details. So far States are rooting for 22 per cent as the neutral rate. GST panel headed by Chief Economic Advisor, Arvind Subramanian had recommended 18 per cent as the GST rate.
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