Four Rate Band GST Leaves India’s Services Sector Worried

India’s decision to go with four rate bands under a new sales tax for services such as telecoms, insurance and restaurants could complicate compliance and leave businesses at the mercy of an intrusive tax bureaucracy, according to experts. The Goods and Services Tax (GST), set to be launched from July 1, will have rates of 5, 12, 18 and 28% for services, in line with those applying to goods. It is…