GST Council's big decision: Now only 5% and 18% tax, luxury items will be charged 40% GST 40 percent GST Slab
40 Percent GST Slab: The government is constantly making changes to make the tax system easier and give relief to the common people.A big decision has been taken in the recent GST Council meeting.Now only two tax slabs - 5% and 18% will be applicable in the country.But in this meeting, 40% GST slab was the most discussed, which will be specially applied on luxury goods and sin goods.