GST rate rationalisation: The larger objective
In a separate chapter on the Goods and Services Tax (GST), the Fifteenth Finance Commission suggested a merger of the 12 per cent and 18 per cent GST slabs into one slab (perhaps 16 per cent). This recommendation spurred the government’s efforts in this direction. The Finance Minister announced that the GST Council could consider this at its next meeting. The slab merger e…