Inflationary concerns may delay GST rate rationalisation: Report

The current price situation leaves hardly any scope for rationalisation of  GST  rates on goods and services, sources said on Wednesday. Goods and services are taxed in four slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent under the  GST  regime. It was being considered to reduce these tax slabs possibly to three, an exercise which would have involved raising taxes…