News digest: Single GST rate, HUL found guilty, fake news row, and more

Experts said the standard GST rate would be crucial in determining if the move would help industry or not

Single GST rates in the works, 28% peak slab to be pruned too: Jaitley

A couple of days after cuts in the goods and services tax (GST) rates, Finance Minister and GST Council Chairman Arun Jaitley on Monday raised hopes of further pruning the peak rate (28 per cent) and merging the 12 per cent and 18 per cent slabs. Read more

NAA slaps Rs 3.83-bn penalty on HUL for not reducing MRPs of products

The National Anti-Profiteering Authority (NAA) has slapped a penalty of Rs 3.83 billion on Hindustan Unilever Ltd (HUL).