PwC India report calls for a three-tier GST rate structure, subsuming petroleum products in tax levy

As the goods and services tax completes eight years on July 1, industry and experts await key reforms in the indirect tax levy. A new report by PwC India has also highlighted several of these issues while calling for a three-rate structure under GST and including petroleum products under the purview of the indirect tax system.   “Currently, there are various tax rate slabs under the GST law.…