Over-promise to under-deliver: Why compensation cess involving GST is an issue worth pondering

By Omkar GoswamiLast week has seen a surfeit of news on the compensation cess involving the goods and services tax (GST). It is an extremely important issue that needs explaining in digestible prose. Here is an attempt. A nationwide GST creates a common market where the rates of indirect tax are the same across all states. As distinct from the days when any locally produced good was levied a Union excise duty, sometimes a cess on that duty, plus

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