GST slabs unveiled; FMCG to get a push... The five-rate tax structure of the most awaited economic reform in India, Goods and Services Tax (GST), was unveiled on November 3, 2016. The government has come out with a five rate tax structure of 0%, 5%, 12%, 18% and 28%. While 50% of CPI items are exempted from GST, the lowest rate of 5% would broadly comprise mass consumption items, including edible oil (marginally positive for Marico's edible oil portfolio). The government has proposed to keep two standard rates - 12% & 18%,...