India moved to fewer GST slabs, but 'not yet' ready for one rate: FM Nirmala Sitharaman

Nirmala Sitharaman said India is not ready for a single GST rate. The government has rationalized GST slabs. The current four-rate structure was carefully created. Reforms aim to simplify the system. Prime Minister Narendra Modi wants to strengthen GST. Documents comparing tax devolution between NDA and UPA governments were shared. More details on GST rate reductions will be released soon.