gst: Inflationary issues might delay GST fee rationalisation: Sources


A GST tax fee rationalisation is more likely to be delayed attributable to elevated inflation, sources stated on Wednesday.

The Items and Providers Tax (GST) regime taxes items and companies in 4 tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent. It was being thought-about to cut back these tax slabs presumably to three, an train which might have concerned elevating taxes in some objects and a discount in others.

However with inflation fee ruling at all-time excessive, such an train is more likely to be delayed, sources stated.

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