GST structure rationalisation will definitely happen, says CEA KV Subramanian

Rationalisation of goods and services tax rate structure is on the government's agenda and it is definitely going to happen, chief economic adviser KV Subramanian has said. He said a three-rate structure was important, but there was a need to fix inverted duty structure. "I think that's something definitely going to happen," he said in response to a question on GST 'structure rationalisation'. He said the original plan was to have a three-rate structure. "But I think what we have to be very cognizant about is that oftentimes with policy making you don't want perfect to actually become the enemy of the excellent," he added.