Medicines, tractors emerge as sticking points in scrapping 12 percent GST slab

The 12 percent GST slab has for long been seen as a mid-tier bracket complicating compliance and revenue neutrality. A simplified three-rate structure – 5 per cent, 18 per cent, and 28 per cent for demerit goods – remains under active consideration. Two categories of items currently under the 12 percent GST rate - medicines and tractors - have emerged as sticking points in the effort to do away wi…