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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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Thegoodsandservices tax (GST)hassomeanomaliesinitspresentform.Inmanycases,inputsaretaxedathigherratesthanfinalproducts,saysoutgoing NITIAayog Vice-Chairman ArvindPanagariya inaninterviewwith AKBhattacharya.Somecompromiseshadtobemade,Panagariyaagrees,butaddsthatthesewouldbestreamlinedinthreeyears.Editedexcerpts: Yourtenureatthe NITIAayog sawtwoofIndia’sboldestgovernmentdecisions– demonetisationand GST rollout.Howhavethesepannedoutfor ...