GST rejig: A boost for rising 'aspirational' middle class

THERE are over 250 goods in the 12% GST tax slab and 35-odd under 28% slab. The government proposes to move more than 90% of these goods to lower tax slabs as it plans to remove the two rates.

- Pushpita Dey @ New Delhi

The aim of this exercise is to bring respite to the growing aspirational middle class and boost consumption, finance ministry sources said. As a result, GST on goods like AC, TV, fridge, cars would be under tax slab of 18%, which were earlier under 28% slab. Almost 99% of the goods in the 12% slab would now be taxed at 5%.