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GST Council to discuss Attorney General's opinion on compensation: FM Sitharaman

GST Council to discuss Attorney General's opinion on compensation: FM Sitharaman

Under the GST structure, taxes are levied under 5 per cent, 12 per cent, 18 per cent and 28 per cent slabs. On top of the highest tax slab, a cess is levied on luxury, sin and demerit goods and the proceeds from the same are used to compensate states for any revenue loss.