The big story remains the fear of a rejig in the goods and services tax (GST) rates. The panel of officers nominated by the GST council may recommend increasing the 5 percent tax slab to 8 percent and the 12 percent slab to 15 percent. HM Bharuka, vice chairman and MD of Kansai Nerolac and MS Mani, Partner-GST at Deloitte India shared their views and outlook.