Single or multiple rates in GST

My suggestion is that though we need not have a flat rate, we should have rates: 5%,16% and 28% and a few cesses, says Sukumar Mukhopadhyay

The red-hot controversy now is about single or multiple rates in GST. Prime Minister expressed the view that milk and Mercedes cannot attract the same rate and earlier Finance Minister had said that chappals cannot attract the same rate of duty as an air conditioner. They fear that otherwise, the GST will be regressive. Even Arvind Panagaria, the chief economic advisor, has supported multiple rates and cess. So, I am giving my reaction to the controversy of flat rate versus multiple rates.

Here I am propounding that we should have the best of both the worlds by having neither a flat