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Arun Jaitley Hints at Two-Tier GST Through Merger of Slabs
July 03, 2019
This Monday, former finance minister Arun Jaitley said that the 18% and 12% tax slabs of GST could be consolidated to make the regime a two-tier tax regime. Earlier in May, he wrote to the Prime Minister that most consumer products have been brought under the 18%, 12%, and 5% tax slabs.
Jaitley said that 5% and zero tax will remain as they are. However, as tax collection will increase, the government may combine 12% and 18% slabs into one.
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