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The number of tax slabs should be reduced to one to two over a period of time, a top Goods and Services Tax (GST) Council official said on Monday. "Over a period of time, our aim should be to reduce the number of tax slabs to 1-2," Arun Goyal, Additional Secretary, GST Council said here at a lecture at India International Centre.
The GST currently has 5 per cent, 12 per cent, 18 per cent and 28 per cent tax slabs.
There has been debate on the multiplicity of tax slabs under GST with experts and analysts suggesting their reduction but Goyal said that currently the reduction of tax slabs under GST was not feasible because of the wide variety of goods and sevices under the tax net.
The number of tax slabs should be reduced to one to two over a period of time, a top Goods and Services Tax (GST) Council official said on Monday. "Over a period of time, our aim should be to reduce the number of tax slabs to 1-2," Arun Goyal, Additional Secretary, GST Council said here at a lecture at India International Centre.
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