Govt may not announce GST rates immediately for fear of market manipulation, hoarding

The government is unlikely to announce the tax rates for various commodities under GST any time soon as it fears an early announcement could give rise to market distortions and hoarding. Sources privy to the development told  the Financial Express  the rates will be revealed just a few days prior to the July 1 roll-out of the goods and services tax. Rajat Mohan, Director-Indirect Taxatio…