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India to slash sales tax on most goods subject to highest rate

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India will slash the sales tax next week on most goods subject to the highest 28 percent rate, Finance Minister Arun Jaitley said Friday, as pressure grows for the government to reduce the burden of the new nationwide tax on businesses.Marbles, chocolates and powder detergents are among 178 everyday items that will be taxed at the lower 18 percent rate under the changes. Other items that were already taxed below the top rate, such as condensed milk, sugar and pasta, will be shifted to even lower bands.From Nov. 15, only 50 items will still be subject to the highest rate, ...

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First Published: Fri, November 10 2017. 21:23 IST