GST Rates Need Changes, Will Take A Year To Stabilise: Revenue Secretary

Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said. The Goods and Services Tax (GST), which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, will take about a year to stabilise, he told PTI. "There is need for some rejig in rates... it is possible that some items in…