Govt may further lower GST rates, review high-tax items

The government is looking to further lower goods and services tax ( GST ) in the coming months, starting with construction material such as cement and paints, which are in the top slab of 28%. Separately, sources told TOI, the government is also looking at the possibility of paring the levy on several items that attract high taxes but do not yield much revenue for the government.  “It’s 80:20…