18% standard service tax rate, biggest challenge is outreach to industry, says Revenue Secretary

Revenue Secretary Hasmukh Adhia tells CNBC TV18 Managing Editor Shereen Bhan that the biggest challenge for Govt. would be the outreach to trade and industry in next 3 months; Says that focus is on transition currently, with 60% of assessees having migrated to GST; As regards the rates, Revenue Secretary states that tax incidence will be closer to existing ones, while service tax rates will be 5%, 12% & 18%, 18% being standard rate; Adds that rate fitment exercise is a me...