[ad_1]
ANI
NEW DELHI: Congressman and former Finance Minister P. Chidambaram criticized the Center Saturday for failing to implement the Goods and Services Tax (GST) in India in 2017. [19659003] Taking to Twitter, Chidambaram was of the opinion that the 28 percent tax slab under the new tax system added only the excise, VAT and CST.
"The 28% GST rate was the contribution of a lazy government of the BJP.It simply added the excise, VAT and CST," writes the former finance minister.
In addition, the government of Narendra Modi was criticized, but Chidambaram said that the central government had deliberately not taken note of the report tabled by the government.The BJP government swept away the report of the CEA and summarily dismissed our plea to cap the GST rate at 18% by phasing our rate by 28%! ", Adds Chidambaram. 659003] The former finance minister also said that dozens of small and medium enterprises were broken because of the high interest rates of the GST
"After the demonetization, the defective implementation GST has destroyed thousands of SMEs and millions of jobs. Ask any merchant or businessman and you will know the truth. The rate of 28% (and the changes) was only one aspect of the defective implementation of the Goods and Services Tax (GST). There are other distortions that have given the GST a bad name, "said the Congress leader
. The TPS was deployed last July after months of deliberation
Launched at midnight on June 30 by Prime Minister Modi. President Pranab Mukherjee, the tax plan aimed to consolidate all taxes into a one-stop shop on the model of the "One Nation – One Tax – One Market" goal
Source link
