 "BS GST Round Table 2017: Slabs for taxes may be reduced to three in 2-3 yrs")
The slabs under the goods and services tax (GST) regime may be reduced to just three from the current four over the next two to three years as the new tax system stabilises.
“We are looking at three clear rates, I will say two to three years down the line,” Manish Kumar Sinha, commissioner, Central Board of Excise and Customs (CBEC), said at the Business Standard Round Table on the goods and services tax here on Wednesday. He, however, added that it was his opinion, and a final decision would be taken by the political leadership.
Sinha said there could
