The Indian government has been looking to implement a diverse range of GST rates and it has been cleared from the finance minister itself when he spoke about the polluting products and their chances to attract higher GST rates.
Mr. Jaitley said that “The indirect tax regime that we are planning…, the rate of taxation on such products which are going to be environmentally unfriendly would be distinct from the normal rate of taxation.” The 3rd meeting which has to be commenced from 18 October will be deciding the same issue of what rate of tax must be levied collected and have to be paid across the country by consumers in order to maintain the sustainable structure.
In another land of confusion, Congress has been demanding the GST rate to stick on standard 18 percent at which majority of products and services should fall under and in the same context the Kerala state government has been subjecting for a higher 20 percent of GST rate by taking the revenue collection in mind.
Chief Economic Adviser Arvind Subramanian has been expressing multiple GST rate in the account of maintaining balance in the dual tone of protecting revenues and minimizing the burden of the GST on the lower income groups. Even though, the higher rate of GST is a positive implication over the polluting products with an agenda to protect and care the climate but the idea can still clasp the arguments and debate from the opposition.
Congress leader P. Chidambaram was seen pressing three GST rates namely a standard rate, a standard minus rate at a level below the standard rate for goods and services consumed mainly by the poor and a standard-plus rate at a level higher than the standard rate for demerit goods including luxury articles.