Chief economic adviser Arvind Subramanian says issues in the GST filing system are being addressed by the GST Council. Photo: Pradeep Gaur/MintHyderabad: India’s chief economic adviser Arvind Subramanian on Friday said goods and services tax (GST) may “probably” have fewer rates in the future by “collapsing” 12% and 18% tax slabs into one. “I am confident that over the next 6-9 months the (GST) system will stabilize. Admitting there were some technical glitches in the GST filing system, Subramanian said the new system is a bit “complicated” as states have different IT systems. The chief economic adviser described GST implementation as a “transformational fiscal reform” that the country had not seen in the past.

Source: Mint November 24, 2017 16:18 UTC