Working to bring 99% items in sub-18% GST slab: PM Modi

HIGHLIGHTS PM Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items, such as luxury goods The effort will be to ensure that 99 per cent of all items, including almost all items used by the common man, would be kept at a GST slab of 18 per cent or less, he added

Indicating that further simplification of the Goods and Services Tax (GST) is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that 99 per cent items attract sub-18 per cent GST slab. Before implementation of the GST, registered enterprises only numbered 65 lakh, which has now risen by 55 lakh, Modi said. 

Today, the GST system has been established to a large extent and we are working towards a position where 99 per cent items will attract the sub-18 per cent GST slab," Modi said. Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items, such as luxury goods. The Prime Minister said the effort will be to ensure that 99 per cent of all items, including almost all items used by the common man, would be kept at a GST slab of 18 per cent or less.