Don't Carve out GST exemptions

States want to keep petroleum products and liquor out of the goods and services tax (GST). This is a bad idea and inimical to GST, meant to replace a multitude of state taxes, excise and other indirect levies. Subsuming many levies in GST will cut out the cascade of multiple taxes that these products bear, lower retail prices, and lead to efficiency gains and faster growth.

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