New Delhi: The government has ruled out the possibility of having a single rate for all commodities under the Goods and Services Tax (GST).
During the Question Hour in RajyaSabha, Finance Minister ArunJaitley said there were countries which had applied a uniform tax rate on all commodities but these were nations where the entire population was above the poverty line.
In India, food items have been placed in zero or the minimum slab while luxury items get taxed more, he said.