GST rate rejig, Aug. 21 -- The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation has accepted the Centre's proposal to scrap 12 per cent and 28 per cent slabs, and consolidate the tax into two slabs of 5 per cent and 18 per cent, Bihar Deputy Chief Minister Samrat Choudhary told the media on August 21.

(With inputs from Agencies)

(This is a breaking story, more updates coming.)

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