Independence Day pledge realised: PM Modi welcomes GST overhaul
New Delhi, Sep 3 (IANS) In a historic step toward overhauling India’s indirect tax system, the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday approved sweeping rate rationalisation reforms, cutting down the existing four-rate GST structure to just two slabs -- 5 per cent and 18 per cent.