Cascading impact on price for exemptions from GST: Shome

A former advisor to Union Finance ministry and a policy expert today said that cascading impact on prices would continue as several products are out of GST base. "Several products are set to be out of GST base and that implies a portion of our GDP will not generate input tax credit. So significant cascading of taxes is likely to continue," Parthasarathi Shome said on the sidelines of an interactiv…