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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.......
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Author:

TaxReply


Jul 2, 2022

Comments


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.
By: M-murali | Dt: Jul 3, 2022


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