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Sridhar Mohan

India may move to 3 rate GST

Seems like out ask via the local circles for moving from 4 rate GST to 3 rate GST system has been accepted by GST counicil per their announcement yesterday.

https://www.financialexpress.com/economy/gst-1-nation-1-tax-multiple-rates-40-indians-want-3-rate-structure/1225383/ more  

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Ramachandiran Ramiah
Let the Govt have hundred rate GST. The maximum should not be more than 10 percent and should avoid multi GST for the same product. Even credit card payments attract GST and giving loan or credit can not be considered a service. If you want cashless transaction first avoid GST on any card transactions. Present Govt's aim is to tax the people more and more. more  
AVS Deekshit (Advocate)
3 rate GST would be ideal for our country. Present 12% and 18% will be removed and instead of that only 15% will be considered. Instead of 28% present it will be as 25%. more  
SN GUPTA
Good move more  
Balasubramanyam Sarmakrishnamurthy
A good governance, Kudos to FM, PM. This will pave way for innumerable benefits to the society. more  
Muthuswamy Narayana
3 rate GST would be ideal for a country like ours. Other improvements in implementation and compliance are to continue thru the GST council thru its periodic meetings. more  
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