GST slab divided into four slabs
New Delhi sources have added that after a long wait, the government of India has finally come out with Good & Service Tax (GST) slabs structure. The GST slab is broadly divided into four slabs i.e. 5%, 12%, 18% and 28% and the honorable Finance Minister Arun Jaitley has said, "GST Progress as per schedule". Under the 5 percent tax slab, essential commodities will come while at the 28% tax slab white good will come. But demerit goods such as tobacco and alcohol will attract 28%+ cess .