GST Council likely to slash tax on 80% items of top 28% rate slab: Sushil Modi

Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, on Wednesday said tax rates on 80 percent items of top 28 percent slab are likely to be slashed at the council's meeting starting Thursday. "Tax rates on 80 percent of 227 items falling in the top slab is likely to be reduced from 28 percent to 18 percent in the next GST council meeting. The GST fitment co…