Has GST hit states growth? Here’s the truth

It may appear that the goods and services tax (GST) hasn’t given a big boost to states governments’ tax revenue (or for that matter, the Centre’s) so far, but there’s little reason for them to complain. The constitutionally guaranteed compensation mechanism under GST ensures, in effect, a 14% annual growth in the states’ revenue. A cursory look at their past performance will reveal that most state…