Montek Singh Ahluwalia on Mapping the Journey of Policy Reform with a Policy Reformer
Ideas of India
The Problem With Multiple Rates in GST
I think the trouble is it can only function, I think, at two rates, you know, one rate which is for really very essential goods and one higher rate. The trouble with few rates, let's say we go down from eight to four - immediately, this lobbying activity is going to start proliferating again. We probably have about three or four rates, which we need to combine into maybe two. But at the moment, first we need an agreement in principle. And I don't see why the GST council can't get that agreement.
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