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Only 62 items likely to stay in 28% GST slab

About three-fourth items in the highest tax slab may move to lower brackets

Only 62 items likely to stay in 28% GST slab
Some common items might also have their rates slashed from 18 per cent to 12 per cent, as demanded by states such as West Bengal.

Those planning to buy new furniture or refit electric switches might have to pay less after Friday, as the GST (goods and services tax) Council is likely to slash the indirect tax rates on these items at its meeting in Guwahati. At present, these attract 28 per cent tax. As many as 165 such items could be moved to the 18 per cent category, with only 62 attracting the highest rate. Those retained in the highest category could include digital cameras, shaving creams, paints and varnishes, cigars, pan masala, chocolates, cosmetics, vacuum cleaners, refrigerators, washing machines, ...