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    <description>GST will impose a multi-slab tax regime including a zero-rated band that allows claimable input tax credit and refund; goods and services will be allocated to slabs based on Harmonized System of Nomenclature, with common goods in lower slabs, luxury items and specified products subject to higher slabs plus additional cesses, and services harmonised under the GST framework pending final legislative schedules and administrative procedures.</description>
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