Possibility exist to revise current GST rates

gst rates revise

Previous West Bengal Finance Minister Asim Dasgupta, who led the Empowered Committee of State Finance Ministers that arranged the primary draft of the Goods and Services Tax (GST) system in 2009, says there is “degree for merging existing GST rates” to enhance the present structure and proposes the most astounding chunk of 28 for every penny be conveyed down to 18.

“The present GST structure has numerous rates of 5 for every penny, 12 for each penny, 18 for each penny and 28 for every penny. The GST Council can consider whether the rate structure can be streamlined and solidified a bit. It can likewise take a gander at whether there is any extent of cutting down the most elevated 28 for every penny rate and consolidation it with the 18 for every penny piece,” Dasgupta told IANS in a meeting.

As reported in the Economic Times

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