Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue

Union Minister  Arun Jaitley today exuded confidence that  GST rates on cement, ACs and televisions will be cut as tax revenues increase, and only luxury and sin goods will attract the highest slab of 28 per cent. In a Facebook post, Jaitley termed the pre-GST indirect tax regime, during which most of the household items attracted a levy of 31 per cent, as "Congress Legacy Tax". The past…