Vijay Kelkar for 12% GST, sharing one-sixth tax with ‘third tier’

Vijay Kelkar, former Finance Commission Chairman, on Tuesday proposed a single GST rate of 12 per cent, with CGST and SGST of 6 per cent each, and both Centre and State sharing one-sixth of this with the 3rd Tier – elected local bodies. Advertising Given growing urbanization and the increasing role of the cities in maintaining the country’s growth momentum, an adequate fiscal base for the cities c…