 "Union Finance Minister Nirmala Sitharaman has said a final decision on streamlining GST rates and rationalisation of tax slabs is “very close”. Can these changes transform the indirect tax system?")
Eighteen months after the Goods and Services Tax (GST) was implemented on 1 July 2017, then finance minister, the late Arun Jaitley, outlined his personal vision for the future roadmap of the country’s indirect tax reform in a blog post written in December 2018.
“A future roadmap could well be to work towards a single standard rate instead of two standard rates of 12 per cent and 18 per cent. It could be a rate at some midpoint between the two. Obviously, this will take some reasonable time when the tax will rise significantly. The country should eventually have a
