Feasible & prudent to have three GST slabs: CBIC chief
India's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will finalize the plan in its next meeting. Customs duty overhaul is also planned, aiming for simplification and fewer disputes. The online gaming sector’s GST contribution is growing.
India's indirect tax structure will move towards minimum tax slabs and the Centre will overhaul the existing classification under both goods and services tax (GST) and customs, Central Board of Indirect taxes and Customs (CBIC) chairman Sanjay Kumar Agarwal said on Thursday.
