GST 1.0 is past its sell-by date: GST 2.0 needs devolution of more economic power to the states

The recently concluded state assembly elections, which confirmed the dominance of three regional parties in the major states of West Bengal, Tamil Nadu and Kerala, are likely to be a turning point in the evolution of the goods and services tax. To the dissenting voice of West Bengal’s Amit Mitra, we will now see the addition of two new finance ministers, Palanivel Thiagarajan of Tamil Nadu, and KN…