Report on uniform GST rate by month end, rollout possible next year.

The government panel will submit its report by month end for the suggestion of uniform rate of GST.
Internationally, the rates range between 16-20 percent.However there are exceptions such as Japan, Australia and Germany where the rates are 8,10 and 23 percent respectively.

The CBEC member said that very high rate would dilute the advantages of GST.

Let's see what would be the GST rate.