Policymakers don't have fetish to raise rates: Revenue secy Tarun Bajaj

Revenue Secretary Tarun Bajaj said on Monday that the rate rationalisation exercise of the GST Council is a result of introspection of GST, and policymakers do not have a “fetish” to raise the tax rates to the revenue-neutral level of 15.5 per cent. He said the government intends to continue with the top GST slab of 28 per cent for luxury and sin goods.

But the government is open to discussing narrowing down the three slabs of 5, 12 and 18 per cent into two, he said while addressing industry leaders.

On the industry demand for bringing petroleum products under GST net,