Think Change Forum calls for a single GST rate, releases white paper

The Think Change Forum (TCF), an independent New Delhi-based think tank, on Monday urged sweeping reforms in India's GST system through a white paper titled "GST 2.0: Two Slabs Today, One Rate Tomorrow".

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NEW DELHI:

Written by Prof. Nilanjan Banik of Mahindra University and ISB, the paper argues that GST's long-term credibility depends on simplification, with just two slabs—5% and 18%—and a strict cap on the peak rate at 18%, rejecting proposals for a 40% bracket.