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New Delhi: Centre has proposed only two GST slabs of 5 per cent and 18 per cent in major tax reforms and may scrap existing rates of 12 per cent and 28
per cent, according to government sources. The development has come after Prime Minister Narendra Modi in his Independence Day speech today announced a double Diwali gift for the citizens saying that the government would be bringing a major GST reform this fall. More to follow....
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