A rate cushion for compensation expiry

From all accounts, the Group of Ministers (GoM) headed by Karnataka CM Basavaraj Bommai that is tasked with looking into the rationalisation of GST rates will recommend rate changes, primarily hikes, across a range of products. The objective, clearly, would be to boost tax collections—by an additional `3 lakh crore annually—according to one report. In the process, the revenue-neutral rate (RNR) sh…