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GST: Tax rate likely to be higher than 18% (Adapted from Indian Express, Topic: Rate of GST)

A day after the Bill to amend the Constitution was approved by the Rajya Sabha, paving the way for the Goods and Services tax (GST), the Centre seemed to concede that the rate at which the new indirect tax will be levied on most goods is likely to be higher than 18 per cent.

Who will decide the rate of GST? 
The decision would be taken by the GST Council, comprising the Union and State Finance Ministers, proposed to be set up after the process of amending the Constitution is completed. 

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