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Govt may revisit GST in 2-3 years and unify many rates: Arvind Panagariya

Niti Aayog's outgoing V-C says critics overreacted and overestimated the costs of demonetisation

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The goods and services tax (GST) has some anomalies in its present form. In many cases, inputs are taxed at higher rates than final products, says outgoing NITI Aayog Vice-Chairman Arvind Panagariya in an interview with A K Bhattacharya. Some compromises had to be made, Panagariya agrees, but adds that these would be streamlined in three years. Edited excerpts: Your tenure at the NITI Aayog saw two of India’s boldest government decisions – demonetisationand GST rollout. How have these panned out for ...