Aim is to move towards three-tier GST: Bibek Debroy

GST collections slowed in September and October at Rs 92,000 crore

The ultimate goal of the goods and services tax (GST) is to move towards a three-tier tax structure, said Bibek Debroy, Chairman of the Prime Minister’s Economic Advisory Council, on Friday. 

“One must appreciate that GST is only the beginning of a process. There is a terminal goal,” which was to decentralise long-term fiscal and political objectives and move towards a three-tier tax structure, said Debroy on the sidelines of an one-day symposium on future of India, organised by Indira Gandhi Institute of Development Research.

GST was introduced in July 2017, with five tax rates — 5 per cent, 12 per cent,