GST Council may consider rationalising rates: Report

The Goods and Service Tax (GST) Council might consider rationalising the rates, finance secretary Ajay Bhushan Pandey has said. The measures may include reducing the number of GST rate slabs, and improvement in IT systems, Pandey told  The Economic Times . "Rate rationalisation, removal of inverted duty structure to reduce friction among trade… at the same time we can have…