FM says 28% slab will be discarded

Finance Minister Arun Jaitley on Monday said the Centre and states were close to completing  the first stage of GST rationalization by removing most items from the 28% slab with a convergence of the 12% and 18% bracket being the next step in the process.

He said the next priority was to lower the levy on cement from 28% to 18% and added that “the sun is setting on the 28% slab”.