PwC urges govt to pare 28% GST bracket to 20-22%, merge middle slabs

In its new report, the audit firm urges policymakers to rework definition of 'luxury items' in sync with current standards of living

The government should consider further pruning of rates under the goods and services tax (GST) regime by slashing the top bracket and merging the mid slabs, a top audit firm has said. PwC India, in its report titled ‘200 days of GST’, has suggested lowering the 28 per cent GST slab to 20-22 per cent, and clubbing of the 12 per cent and 18 per cent slabs to somewhere between 14-16 per cent.
 
“..item in government’s priority list this year should be further pruning of (GST) rates. While there has been substantial reduction in the number of items in