Change in GST rates may generate Rs 15K cr a year: Revenue secy Tarun Bajaj

'Implementing GST was challenging in a country like India, which follows a federal structure'

Revenue Secretary Tarun Bajaj spoke to Shrimi Choudhary on the many decisions taken at the just-concluded GST Council meeting and also on some of the pending issues such as the compensation cess. Edited excerpts from the interview:

The GST Council has revised the rates for some items and also removed a few exemptions. What is your rough estimate for the revenue these measures shall help garner?

The Council decided to correct the inverted duty structure and exemptions. Inverted duty creates a lot of other issues, such as it brings inefficiencies in the value chain. Let's say there's a product with