Bring in three-rate GST structure, says study by Finance Ministry-backed think-tank

National Institute of Public Finance and Policy study says Government can rationalise the rates without losing revenues.  The Government can rationalise the GST rate structure without losing revenues by rejigging the four major rates of 5%, 12%, 18% and 28% with a three-rate framework of 8%, 15% and 30%, as per a National Institute of Public Finance and Policy (NIPFP) study.  The finding…