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Model GST Bill to go for 20% peak tax

Model GST Bill to go for 20% peak tax

Thursday, March 2, 2017, 5:38 PM

The GST Council has proposed to raise the peak tax rate to 20 percent, from the current 14 percent, in the model goods and services tax (GST) Bill. Finance Minister Arun Jaitley and comprising representatives of all states, has agreed to keep the upper band of the rate in the law at 20 per cent.
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