Distortions have given GST a bad name, says Chidambaram

New Delhi, July 28: Senior Congress leader and former finance minister P. Chidambaram on Saturday blamed the Narendra Modi government for the various distortions in the implementation of Goods and Service Tax (GST) including the 28% GST rate that resulted into becoming a “bad word” among business persons.

Taking a dig at the Narendra Modi-led government, Chidambaram said that the Central government deliberately did not took the note of the report filed by the Chief Economic Advisor (CEA) and also dismissed Opposition’s plea to cap GST rate at 18 per cent.

“BJP government brushed aside the report of the CEA and summarily dismissed our plea to cap GST rate at 18%. Now it claims wisdom in phasing our the 28% rate!,The 28% GST rate was the contribution of a lazy BJP government that simply added the Excise, VAT and CST.” Chidambaram tweeted.

 

Launching a scathing attack on the government, he said every step that the government had taken with regard to the GST was deeply flawed, Chidambaram said, “Following demonetisation, the faulty implementation of GST destroyed thousands of SMEs and millions of jobs. Ask any trader or businessperson and you will know the truth.The 28% rate (and the cesses) was only one aspect of the faulty implementation of GST. There are other distortions that have given GST a bad name.

The Congres leader reteriarted that GST’s design, structure, rates and implementation were so flawed that it has become a “bad word” among business persons, traders, exporters and common citizens.

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