NEW DELHI: Policymakers are considering steps to ease the compliance burden related to the goods and services tax (GST) on small businesses and to make product classification for taxation less complicated, said revenue secretary Hasmukh Adhia.
The simplification process may result in some readjustment of tax rates, including a possible reduction in some items that attract the highest tax slab of 28%.
Credit: livemint.com
Leave a Reply