Why GST exemptions would prove to be a bane rather than a boon

Why GST exemptions would prove to be a bane rather than a boon

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Why GST exemptions would prove to be a bane rather than a boon
It is far more prudent to levy GST at a lower rate so that the input tax credit is available through the value-chain and the cascading effect is completely neutralised. GST follows the value-added tax (VAT) mechanism, where tax is payable on every value-add in the supply-chain (either supply of goods and / or services) […]
Source: GST India