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'Don't know if India prepared for single GST rate': Revenue Secy

Live Mint

Revenue Secretary Tarun Bajaj on Tuesday said that he is not sure if the country is ready for a single Goods and Services Tax rate and suggested that it would be better if India can first move the 5%, 12%, and 18% GST rates into two slabs.  “Overtime, the GST rates have undergone a huge change as inversion was done away with on many goods. Currently, there are mainly three rates – 5%, 12% and…

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