India is working towards a single GST rate: Arun Jaitley
Finance Minister Arun Jaitley on Monday said a single standard GST rate could be introduced instead of two standard rates of 12% and 18%. He added that lowering the tax rate on cement from 28% was a priority. Congress has called new indirect tax with four rates - 5%,12%,18% and 28% - besides exempted items and cess, a complex system.