Citing Singapore model, experts bat for cutting multiple GST rates in India

Singapore: Citing the example of  Singapore , several experts have suggested that  India should do away with multiple tax slabs under the Goods and Services Tax (GST) for greater ease of compliance. Singapore has only one tax rate under GST— seven per cent -- on taxable goods and services while India has multiple slabs to charge the  indirect tax . An achievement of India's GST impl…