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GST standard rate should be 26%: Thomas Isaac

Interview with Finance Minister, Kerala

Dilasha Seth 

The peak rate should be set at more than 30 per cent and the lower rate be reduced to four per cent, said Kerala's Finance Minister Thomas Isaac after the GST Council meeting on Tuesday. He told Dilasha Seth that the states were satisfied with the decision arrived to compensate states. Edited excerpts: What is your take on the Centre's four-tier GST rate structure? The Centre has proposed a four-rate structure with a top rate of 26 per cent, standard rates of 18 per cent and 12 per cent and a low rate of six per cent. I would like to have the 26 per cent raised to 30 per ...

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First Published: Wed, October 19 2016. 00:45 IST
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