India can't have single rate GST: Subramanian

NEW DELHI: Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian on Wednesday pitched for a three rate structure going forward as revenues stabilise. He said GST is a "work in progress" and there is a need for further simplification of rates with fewer exemptions and simpler policies. "In India, we can never have one rate. I had recommended a standard rate and one for demerit good, one for low rate. I think, in India, the debate should be about 'why can't we have three', rather than 'why not one'," Subramanian said at an NCAER event here. Under the GST regime, there are four rates -- 5 per cent, 12 per cent, 18 per cent and 28 per cent. Luxury and demerit goods are subject to cess on top of the highest slab.