GST slabs may be reduced to 3 in long-term: Sanjeev Sanyal
Sanjeev Sanyal, the Principal Economic Adviser to the Finance Ministry, on Saturday said that in the long-term, GST slabs may come down to three, in addition to the exempted category. The three slabs could be 5%, 15% (merging 12% and 18%) and 25%. Presently, there are four GST slabs of 5%, 12%, 18%, 28% and the exempted category.