Proposed GST structure does not stand on merit

In the wake of Parliament nod to the  GST  Bills, economist  Parthasarathi Shome  on Friday said the proposed GST structure does not stand on merit when compared globally. Shome, a former adviser to the Union Finance Minister, said leaving petroleum and electricity out of the GST base will lead to continuation of cascading of taxes. "Leaving petroleum and electricity out (of GS…