- In order to stabalize the new tax regime, Chief Economic Adviser (CEA) Arvind Subramanian said the Goods and Services Tax (GST) may “probably” have fewer rates by “collapsing” 12 per cent and 18 per cent tax slabs into one.
- To address the complicacies in the IT systems on central and state level, GST council may merger and collapse rates and come up with fewer tax rates although a single rate will be too difficult to achieve.