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Inflationary concerns may delay GST rate rationalisation: Sources 

It was being considered to reduce the tax slabs possibly to 3, an exercise which would have involved raising taxes in some items and a reduction in others.

Published: 25th May 2022 07:30 PM  |   Last Updated: 25th May 2022 07:30 PM   |  A+A-

GST

Image used for representational purpose only. (File Photo)

By PTI

NEW DELHI: A GST tax rate rationalisation is likely to be delayed due to elevated inflation, sources said on Wednesday.

The Goods and Services Tax (GST) regime taxes goods and services in four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent.

It was being considered to reduce these tax slabs possibly to 3, an exercise which would have involved raising taxes in some items and a reduction in others.

But with inflation rate ruling at all-time high, such an exercise is likely to be delayed, sources said.



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