FM says 12% and 18% GST rates will be merged, 28% slab to go

He said the next priority was to lower the levy on cement from 28% to 18% and added that “the sun is setting on the 28% slab”. Although the minister, who heads the GST Council, did not elaborate on what the converged “standard rate” would be, he said it could be some mid-point between the two.