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Panel moots 2 tax slabs to boost GST revenue

Dec 25, 2019 07:46 IST

A committee of officers set up to suggest ways to boost Goods and Services Tax revenue has proposed a two-slab structure of 10% and 20%, Hindustan Times has reported. The panel has also mooted a higher rate on luxury and sin goods. This could mean imposition of cess on items such as cosmetics, gambling and recreational services; and withdrawal of exemptions on public school education, high-end healthcare facilities and air-conditioned public transport. The changes were suggested in a presentation made to the GST Council last week, the report said quoting people in the know.