⚡Centre Likely To Scrap 12% and 28% in GST Structure, Most Items To Move to 5%, 18% Rates

In a path-breaking initiative relating to the Goods and Services Tax structure, the Central Government has proposed to scrap the current slab of 12 per cent and 28 per cent of GST rates and keep only 5 per cent and 18 per cent GST rates, government sources said on Friday.