🔒

^®

Subscribe Free GST updates on...

Subscribe to Best GST Library of India and get ahead of the rest. Click here for plans.

GST has serious birth defects: Says Former FM, P. Chidambaram

"A SIMPLE tax so complicated that even those who enforced it fail to understand it. Good Simple Tax? Not really," - Congress tweeted.

"The GST has serious birth 'defects'. In the last five years, these defects have only become worse. The so-called GST that is enforced today was not the GST envisaged by the UPA government," Congress MP P Chidambaram said at a press conference here at the party headquarters as the ruling dispensation celebrated the fifth anniversary of GST rollout.

The former Union Finance Minister said, "This is a GST that is flawed, defective and unstable. The law is so defective that government had been forced to issue hundreds of directions. In five years, the government had issued 869 notifications, 143 circulars and 38 orders."

The Congress on Friday demanded Centre to replace the present GST calling it a "flawed and unstable" tax regime that has ruined the Indian middle class in the past five years.

"The worst consequence is the complete breakdown of trust between the Centre and the States. It has only deepened the mistrust between them,' he said stressing on the "chasm" that has only increased under the BJP's rule at the Centre.

He said, "The GST laws and the manner in their implementation have wrecked the economy. It has led to large scale destruction of the MSMES, a sector that contributes upto 90 per cent of the jobs in the manufacturing sector. The only beneficiaries of the flawed GST are big businesses, CAs and tax lawyers."

"No flexibility in present GST law, no cooperative federalism exists as states are sidelined. Five years of GST mess has affected every aspect of middle class Indians' life. From shutting .......

☛   Login to read more...

first let him rectify the defects in his own party which is having defective leadership and in deathbed. why not he start a new party with absolutely defect free policies. both congress and himself are at terminal stage.

Taxpayer assigned to State GST Authorities cannot be assessed by Central GST Authorities and vice-a-versa: High Court

19 Apr 2024   3.76k

Govt defers implementation of Special Registration, Return Filing For Pan Masala, Gutkha Companies till May 15.

12 Apr 2024   4.41k

Amid GST portal deficiency, GSTN recommends extension of GSTR-1 due date for the month of March.

12 Apr 2024   4.76k

CBIC waives interest for specified taxpayers for late filing of GSTR-3B due to portal technical glitches during specified months.

9 Apr 2024   6.17k

GSTN Advisory on new feature of Auto-population of HSN summary from e-Invoices to GSTR-1

9 Apr 2024   5.27k

Quick Links

GST Library

Login
Register
About GST Library
Subscription (Pricing)
GST Updates
GST Calendar
GST Case Laws
GST Case Laws Sitemap
Full Site Search
GST Vides

GST Notifications
GST Act & Rules (Section-wise)
GST Act & Rules (Chapter-wise)
GST Forms
GST Forms (Category-wise)
GST Rates
Classification by CTA (Chapter-wise)
Classification by CTA (Search Tool)
E-way Bill
Finance Bill

E-invoice Applicability Calculator
Inverted Duty Refund Calculator
GST Set-off Calculator
ITC Reversal Calculator
GSTR-3B Manual
GSTR-9 Manual
GSTR-9C Manual

Others

GST e-books
GST Domains Sale
About Us
Our Services
Contact Us
Privacy Policy
Terms & Conditions

taxreply.com © 2024. All Rights Reserved