GoM weighs scrapping 12% GST slab

A group of ministers, mandated to look at rate rationalisation by the  Goods and Services Tax  Council, is mulling doing away with the 12% slab while retaining the 18% and 28% slabs.  People aware of the development told ET that most of the members of the group were of the view that the 12% slab accounts for about 8% of total  GST  revenues and can be done away with. …