Why Further GST Rate Cuts, Structural Changes May Not Happen Any Time Soon

An expected slash in GST rates for goods such as cement, refrigerators and air conditioners may now be on hold, said PwC’s Partner and Leader Pratik Jain, as revenue collection for February fell versus the previous two months’ collections. “We were expecting that a lot of the items which are under 28 percent [slab] right now will also be brought down to 18 percent...I don't think that will happen…