Arun Jaitley indicates scope for rationalisation of rates under GST

Finance minister Arun Jaitley on Wednesday said there is scope to rationalise goods and services tax ( GST ) and rolling 12 per cent and 18 per cent slabs into one as implementation of the country’s most comprehensive indirect tax reforms progresses. “I do concede that as it (GST) moves forward, there will be scope for rationalising the rates. There, probably, will be scope that the two standard r…