GST rate: Believe it will be better to raise the higher slab, says Kerala FM Thomas Isaac

States seek a hike in goods and services tax (GST) rates to bring the current average GST rate closer to a revenue neutral rate. Sources say there is a push to move many items from the five percent bracket to a bracket above eight percent. TM Thomas Isaac, finance minister of Kerala and Soumya Kanti Ghosh, group chief economic adviser, State Bank of India (SBI) shared their views and outlook.