GST may need an overhaul to plug revenue shortfall

Fifteenth Finance Commission (FFC) chairman N.K. Singh has said GST should be redrafted. Too many changes to GST rules and several items being exempted could be blamed for the ₹63,200 crore shortfall in compensation cess for FY20. Mint explains GST’s infirmities. What is the Finance Commission saying? According to data compiled by the Fifteenth Finance Commission, more than 38 changes have be…