GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab

To raise additional revenue, the Goods and Services Tax (GST) Council may raise the base rate to 9-10 percent from five percent, reports The Times of India. The GST Council will reportedly discuss the option of moving 243 items to the 18 percent slab and scrapping the 12 percent slab. If this fructifies, there will be three GST slabs: five percent, 18 percent and 28 percen…