The rate reset: On slashing GST slabs

Since its onset in 2017, the GST regime to subsume multiple State and Central levies was criticised for far too many tax rates that were amenable to creating complications instead of simplifying taxation. The Government had hinted that rates could be reviewed once the system stabilised. Now, with GST in its fifth year, the Government has assessed it is about time to consider a reboot, partly becau…