<h1>Finance minister says GST rationalised to four rates (5,12,18,28%), single-rate GST not yet feasible; reforms to help lower and middle incomes</h1> The finance minister stated the government has rationalised GST slabs to four rates (5, 12, 18, 28 percent) after aligning prior state-level taxes, but concluded the country is not yet ready to adopt a single-rate GST, leaving that option open for the future. The remarks reflect an ongoing reform initiative to simplify and make the GST fairer for lower- and middle-income groups. The executive circulated comparative documents on tax devolution between the current and previous administrations and indicated additional disclosures listing items whose GST rates have been reduced will follow.