Tax rates under GST to stay close to present levels

With the government keen to keep prices under check, most commodities are likely to be taxed at rates closest to their existing rate structure under the Goods and Services Tax. “Most goods as well as services will be taxed at the slab of 18 per cent to 22 per cent,” said a person familiar with the development, adding that this will be especially followed in the case for inputs. But, exceptions in…