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gst slot Only luxury or sin goods are likely to stay in the 28% slot The GST Council is likely to cut the tax rate on electronic items such as washing What is the Importance of Good and Services Tax Rates? · The GST tax rate eliminates the risk of tax-on-tax structure, which can lower the overall cost of The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th February 2006, wherein the then Finance Minister