Moneycontrol
Last Updated : Jun 20, 2017 10:23 PM IST | Source: CNBC-TV18

Multiple rates dilute the very concept of GST: Rakesh Mohan

Multiple rates in Goods and Services Tax could defeat the purpose of the landmark tax -- that's the warning coming in from Rakesh Mohan, the former deputy governor of the Reserve Bank of India. Mohan also said that by giving in to multiple rates, the government may have inadvertently opened the flood gates for some hectic lobbying by industry in the future.

Multiple rates in Goods and Services Tax could defeat the purpose of the landmark tax -- that's the warning coming in from Rakesh Mohan, the former deputy governor of the Reserve Bank of India. Mohan also said that by giving in to multiple rates, the government may have inadvertently opened the flood gates for some hectic lobbying by industry in the future.

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First Published on Jun 20, 2017 09:46 pm

tags #Economy

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