The Big GST Hole

The Comptroller and Auditor General (CAG) of India has made a grim observation in its latest report on indirect taxes: "The growth of indirect taxes slowed to 5.80 per cent in 2017/18 compared to a growth of 21.33 per cent in 2016/17." Without mincing words, it laid the blame on the goods and services tax (GST). "Post implementation of GST, the Centre's revenue from goods and services (excluding C…