Prime Minister Narendra Modi on Tuesday indicated that the 28 per cent slab of Goods and Services Tax (GST) will soon only be restricted to a few select items such as luxury items.

Speaking at a Republic TV event in Mumbai this morning, Prime Minister Modi also asserted that efforts will be made to ensure that 99 per cent of all items, including items commonly used by the public, would be kept at a GST slab of 18% or less. The Prime Minister's remarks come ahead of the next GST Council meeting which is scheduled to take place at the end of this week.