Indian retailers state that introduction of a 35% GST slab and pricing-based rate structure will have adverse impact

MUMBAI: The Indian sellers collective, an umbrella body of trade associations and sellers across the country has urged the Finance minister and the GST Council to reject the recommendations of GoM (Group of ministers) on GST rate rationalisation. The seller body believes that a new fifth GST slab of 35% and pricing-based rate structure will materially and fundamentally alter the country’s GST fram…