GST’s last and critical lap : Arvind Subramanian

After the Constitutional Amendment Bill that midwifed it, and with the passage of the four laws that have given it elaborate flesh and substance, the Goods and Services Tax (GST) has entered its last and critical phase: the determination of the GST rate structure.  Late last year, there was agreement on five broad GST slabs: 0 (the exempted category), 5%, 12%, 18%, and 28%; there was also agr…