GST

The government set the range for the Goods and Service Tax from 28 percent to 5 percent on most items when the signature reform was introduced last year.
GST is a 'mess' and 2014's 'historic mandate' has been wasted, says former finance minister Yashwant Sinha in an interview.
The 28 per cent slab is now restricted to only luxury and sin goods apart from auto-parts and cement - the tax rate on which could not be cut due to high revenue implication.
The growth was not only impacted due to demonetisation but also because of implementation of GST, Rajan said.