Menon says a high GST rate would lead to tax evasion and thereby lower compliance
A final Goods and Services Tax (GST) rate of 20-22 percent would be ideal, feels Sachin Menon of KPMG.
In an interview to CNBC-TV18's Latha Venkatesh, Menon says a high GST rate would lead to tax evasion and thereby lower compliance.
Menon says effective implementation of the GST will be a boon to both Centre as well as the states. He does not see states losing much revenue because of tapering petroleum products tax rate.
Interview transcript to follow shortly
Also read: India cannot hope to have a perfect GST ever
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