GST rate rejig on cards to spark consumption
New delhi, Feb. 14 -- After the Union government reduced the tax burden on individuals and the central bank followed with an interest rate cut, it's over to the states now. The Goods and Services Tax (GST) Council may reduce tax rates on some items to deliver a consumption boost, while remaining mindful of the revenue requirements of the Centre and states, two persons familiar with the discussions in the Council said....
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