India and China: A Comparative Look at GST Rates

India's Goods and Services Tax (GST) system, implemented in 2017, follows a multi-tiered rate structure of 5%, 12%, 18% and 28%, with additional cesses on luxury and sin goods. In contrast, China's Value-Added Tax (VAT), similar to GST, operates at standard rates of 6%, 9% and 13%, with lower rates for essential goods and services.  

While India's GST aims to simplify taxation, critics argue that its multiple slabs create complexity. China’s VAT system, however, is seen as more streamlined, aiding its manufacturing and export dominance.

Experts suggest India could benefit from a reduced number of tax slabs to enhance compliance and boost economic growth.  

Finance Ministry officials have indicated potential GST reforms in the coming year, possibly aligning closer to global models like China’s but it's like a dream for public because as per previous experiences this goverment won't do anything on behalf of consumers.