There’s a way out of India’s GST compensation impasse

Maharashtra Chief Minister Uddhav Thackeray has said that it is time to ask if India’s old indirect tax regime was better than the goods and services tax (GST) rolled out in mid-2017. It remains to be seen if other chief ministers harbour the same thought. If they do, one of India’s most important policy reforms in recent years could be at risk. There is now thankfully a growing consensus that GST…