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India Think Tank Urges GST Reform: The Hindu

Experts say replace the 5%, 12%, 18% and 28% GST rates with 8%, 15% and 30% rates to rationalise tax receipts and boost revenue


GST
Merchants and retailers in Ahmedabad protest against the introduction of the Goods and Service Tax in 2017. Photo: Reuters.

 

A think tank has urged the Indian government to rationalise the goods and services tax (GST) structure without losing revenues by rejigging the four major rates, The Hindu reported.

The National Institute of Public Finance and Policy study said the 5%, 12%, 18% and 28% GST should be replaced with a three-rate framework of 8%, 15% and 30% to rationalise tax receipts and boost revenue.

Read the full report: The Hindu

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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