Commendable GST, with regrettable flaws

GST's combination of greatness with tragic flaw reflects Shakespeare's character of Hamlet

Goods and services tax (GST) and Shakespeare’s character of Hamlet have something in common. Both combine greatness with tragic flaw. The greatness of GST has been always advertised for long but now the tragic flaw also needs to be understood properly, so that we do not overestimate this great tax reform.  

I am one who remembers the pre-Modvat days; I was a collector of Customs and Central Excise in 1986, when Modvat was introduced. And, I remember it for the sheer simplicity of that system. It was a turnover tax, admittedly the most simple tax structure. But, economically it was