GST Council plans to raise 5% tax slab to 8% : Report

The GST Council in its next meeting might raise the lowest tax slab to 8%, from 5%, according to a report by the PTI news agency, citing sources. A panel of state finance ministers is likely to submit its report by this month end to the  Council  suggesting various steps to raise revenue, including hiking the lowest slab and rationalising the slab. At present, GST is a four-tier str…