PwC urges govt to pare 28% GST bracket to 20-22%, merge middle slabs

The government should consider further pruning of rates under the goods and services tax (GST) regime by slashing the top bracket and merging the mid slabs, a top audit firm has said. PwC India, in its report titled ‘200 days of GST’, has suggested lowering the 28 per cent GST slab to 20-22 per cent, and clubbing of the 12 per cent and 18 per cent slabs to somewhere between 14-16 per cent. “..item…