It is proclaimed that the GST now comprises just two slabs, 18 per cent and five per cent. The supposed “sin” goods slab of 40 per cent is not to be counted

The changed GST rates will become effective from September 22, the beginning of Navaratri and of the year’s festive season. The timing was no coincidence. Prime Minister Narendra Modi and finance minister Nirmala Sitharaman have timed it well. The ostensible reduction of the four GST rates or slabs into two, from 28%, 18%, 12% and 5% to 18% and 5%, is being offered as a tax bonanza. Prime Minister Modi is betting on its cascading cheer in the coming Assembly elections in Bihar, where the BJP is facing an uphill task with a weakened chief minister Nitish Kumar at the helm in the state.

The GST change, being marketed as a major tax ref

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