Must evolve to eased, 3-tier GST rate format: CII Prez Sanjiv Puri
India needs to transition towards a three-tier rate structure in goods and services tax over time, according to Confederation of Indian Industry president Sanjiv Puri. Puri suggests creating a GST Council-like structure for pushing reforms, some of which are in states' domain. India's economy is doing well in a stressed global environment due to policy instruments deployed by the government over the past years.
New Delhi: India needs to transition towards a more modest, three-tier rate structure in goods and services tax over time, according to Confederation of Indian Industry president Sanjiv Puri.
He pitched for creating a GST Council-like structure for pushing reforms, some of which are in states' domain. Puri is also chairman and managing director of ITC.
