GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes

After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said. The Centre is considering eliminating the 12 per cent GST slab altogether or reclassifying many items currently taxed at 12 per cent into the lower 5 per cent bracket.  Acco…