Five Hurdles to GST

By Vijay Kumar

1. ADDITIONAL Tax of 1 per cent on goods in the course of inter-state trade.

2. Revenue-neutral GST rate (27% is exorbitant; should be somewhere around 18%)

3. Tobacco, electricity, petroleum products and alcohol in GST

4. Dispute resolution mechanism

5. 100 per cent compensation for five years to states for revenue loss