GST standard rate to be fixed between 12-18% as revenues increase: Arun Jaitley

In a Facebook post titled ‘Eighteen Months of GST', Jaitley said, of the 1,216 commodities which are used, broadly 183 are taxed at zero rate, 308 at 5%, 178 at 12% and 517 at 18%. “The 28% slab is now a dying slab,” he said. Currently 28 items, including luxury and sin goods, auto parts, dishwashers, AC and cement remain in the highest slab of 28%.

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