FM proposes three tier tax structure for common Goods and Service Tax Finance Minister Pranab Mukherjee has proposed to have Goods and Services tax, GST, at the central and state level from April first next year. Addressing the empowered group of ministers in New Delhi on Wednesday he revealed his proposal of having a three tier GST Tax structure.
He proposed a tax rate of 20 per cent on goods and a rate 16 per cent on services. However he proposed a lower tax s...
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