Extending GST compensation period may push back rate rejig: CBIC chairman

In a Q&A, CBIC chairman Vivek Johri talks about if revenues are to reach the levels where compensation would perhaps no longer be an issue, then GST rate structure, exemptions too need to be reviewed

While a final call is to be taken on whether to extend the goods and services tax (GST) compensation period for the states beyond June this year, Central Board of Indirect Taxes & Customs (CBIC) Chairman Vivek Johri, in an interaction with Asit Ranjan Mishra and Arup Roychoudhury, says if revenues are to reach the levels where compensation would perhaps no longer be an issue, then not only the GST rate structure but exemptions too need to be reviewed. Edited excerpts:

The Union finance minister said in the Budget speech a lot of challenges in GST remained. Is it just