Centre planning to cut GST slabs to two from the present five, says top tax official

The Centre is planning to slash the number of  GST rate slabs from the present five to two in the near future, according to AK Jyotishi, Principal Chief Commissioner of Central Taxes, Bengaluru Zone. The thinking is guided by the fact that 90% of the taxes come under the 18% rate slab, he said, delivering the inaugural address at Workshop on GST: Practical Requirements and Challenges organise…