Single GST rate in the works, 28% slab could be phased out: Arun Jaitley

Finance minister  Arun Jaitley has hinted that India could go for a single standard  GST rate going into the future.  "A future road map could well be to work towards a single standard rate instead of two standard rates of 12% and 18%. It could be a rate at some mid-point between the two," Jaitley said. Further adding that such a scenario could materialize only when the revenue from…