Goods and Services Tax – GST – Dated:- 4-11-2016 – Multiple GST tax slabs are perhaps necessary in India given the wide disparity in consumption levels and they are likely to have limited impact on most sectors, says a report. A large number of tax slabs agreed upon by the GST Council may however dilute some of the benefits of the GST system, but preliminary understanding of the proposed tax rates suggests broadly neutral impact for sectors, said the report by Kotak Institutional Equities. The structure aims to minimise the impact on CPI inflation and revenues of governments as the proposed GST rates are similar to current 'overall' rates for most goods, the report said, adding that hence, we see limited impact on overall governmen
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