Centre wants GST rates to be as reasonable as possible: Mani

The Chairman of Empowered Committee on GST, K M Mani on Tuesday said the Centre wants tax rates under the new regime to be as reasonable as possible to ensure its success. As regards tax rates in the GST regime, the government has taken a view that the rates are to be as reasonable as possible to ensure success of the new tax system, said Mani, the Kerala finance minister, while addressing an Assocham conference on GST.

The committees constituted for the purpose are working on various parameters to arrive at a uniform tax rate that will be reasonable and acceptable to all stakeholders, including consumers, Mani said.