India has been taking baby steps to meet its target of rolling out goods & services tax (GST) on April 1, 2016,
the biggest tax reform in decades.
But perhaps the most contentious issue that still needs to be resolved among the different stake holders is the GST rate, i.e. 27%.
However, a look at the GST rate across countries show that India – if it agrees to that rate – would be among the highest GST taxed jurisdictions in the world.