"I think there is a room for improvement, I think there is a lot to be desired in that higher rates. In fact, I said in Parliament that you must have a standard, standard minus and standard plus," he said, adding there will also be zero rate. "...I can understand four rates, but I cannot understand six rates plus cesses...I think there is still a scope for improvement. "Since GST is being introduced in India , I had said that there could be standard, standard minus and standard plus. The government should announce GST slab that will be acceptable in Parliament."

Source: Economic Times November 05, 2016 13:59 UTC