India moved to fewer GST slabs, but ‘not yet’ ready for one rate: FM
GST
Dated:- 18-9-2025
PTI
Kolkata, Sep 18 (PTI) Union Finance Minister Nirmala Sitharaman on Thursday said that while the government has moved to rationalise Goods and Services Tax (GST) slabs, the country is “not yet” prepared for a single-rate GST system, though it remains a possibility in the future.
At an event in Kolkata, she underlined that the four-rate GST structure of 5, 12, 18 and 28 per cent was not arbitrarily fixed, but arrived at through a detailed exercise of aligning diverse state-level taxes with the nearest slabs.
“When a review of GST was undertaken, one of the needs identified was that they (GST Council members) didn't want four rates. How
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