Oct 18, 2016, 10.59 AM | Source: Moneycontrol.com
It is likely that the Centre could propose a four-tier tax structure under the Goods and Services Tax. The peak slab could be around 26 percent, reports Business Standard
The GST Council will begin deliberations today to arrive at a consensus on the tax rate, states compensation, among other things.
The states are rooting for a rate of 22 percent, while the rate proposed by a panel headed by Chief Economic Adviser Arvind Subramanian had recommended a rate of 18 percent.
This will be the third GST Council meet since its corporation in September.