Rajya Sabha returns Manipur GST bill to Lok Sabha
The Rajya Sabha has returned the Manipur GST bill to the Lok Sabha, formalising the GST 2.0 reforms in the state. This amendment, necessitated by President's rule, implements the GST Council's decision to rationalize tax rates on approximately 375 items into three slabs: 2%, 5%, and 18%, with a 40% rate for ultra-luxury goods.
The Rajya Sabha has returned the Manipur GST bill to the Lok Sabha, formalising the GST 2.0 reforms in the state. This amendment, necessitated by President's rule, implements the GST Council's decision to rationalize tax rates on approximately 375 items into three slabs: 2%, 5%, and 18%, with a 40% rate for ultra-luxury goods.
