Consumption booster from GST slabs rejig planned

The Confederation of Indian Industry has suggested a 3-tier GST system, with 5%, 28% slabs and another one between 12% and 18%. (Freepik) The  Goods and Services Tax Council (GST) may meet in August to discuss the much-anticipated restructuring of tax rates and slabs, amid heightened expectation of the exercise leading to a consumption booster, with a reduction in aggregate tax incidence. “Si…