GST rate: Believe it will be better to raise the higher slab, says Kerala FM Thomas Isaac

CNBC-TV18 2019-12-10

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States seek a hike in goods and services tax (GST) rates to bring the current average GST rate closer to a revenue neutral rate. Sources say there is a push to move many items from the five percent bracket to a bracket above eight percent. TM Thomas Isaac, finance minister of Kerala and Soumya Kanti Ghosh, group chief economic adviser, State Bank of India (SBI) shared their views and outlook.

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