GST rates in India is highest in the world - says World Bank.
In it’s latest India Development update, the World Bank has stated that GST in India is the highest in the world. The World Bank has described the GST as a key reform of the government. It has also appreciated the GST Council, for it’s smooth functioning. At the same time, the World Bank has compared the GST implemented in India, with the GST implemented in 115 other countries, and has said that the tax rates in the Indian GST system is one of the highest in the world. It has also stated that the 28% slab was the second highest in the world.
[source: Times of India dt. 19-03-2018]
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