1. Panic-stricken Modi government has no option but to change GST rates, says P Chidambaram

Panic-stricken Modi government has no option but to change GST rates, says P Chidambaram

Congress leader P Chidambaram today said a "shower of changes" is expected from the GST Council meeting in Guwahati and the "panic-stricken" Modi government has no option but to change the new tax rates.

By: | New Delhi | Published: November 10, 2017 12:40 PM
gst, modi government, narendra modi, goods and service tax, gst rate, gst tax slab, p chidambaram The Congress leader said the government had avoided debate and voting in Rajya Sabha on GST Bills but it cannot avoid a debate in the public domain or in the GST Council. (PTI)

Congress leader P Chidambaram today said a “shower of changes” is expected from the GST Council meeting in Guwahati and the “panic-stricken” Modi government has no option but to change the new tax rates. The high-powered committee headed by Union Finance Minister Arun Jaitley is meeting in the Assam city to discuss GST rates. Chidambaram said the government will be forced to heed the advice of the opposition and experts due to the Gujarat assembly elections next month. “Expect a shower of changes in GST rates from GST Council meeting today. Panic-stricken govt has no option but to concede demands for change. “Thanks to Gujarat elections, government forced to heed advice of Opposition and experts on flaws in implementation of GST,” he tweeted. Chidambaram said the letter from the finance ministers of Congress-ruled states to Jaitley will set the tone for discussions in the GST Council today. “Congress FMs letter exposes the structural flaws in the design and implementation of GST. Government can no longer duck these issues,” he said.

The Congress leader said the government had avoided debate and voting in Rajya Sabha on GST Bills but it cannot avoid a debate in the public domain or in the GST Council. “Congress FMs will force changes in GST Council meeting today. Agra, Surat, Tiruppur and other hub towns are watching,” he said. The finance ministers of Congress ruled states last week demanded a major overhaul of the Goods and Services Tax (GST), alleging that the tax reform measure had turned out to be a “big disappointment” due to its “poor” implementation. The finance ministers of the Congress-ruled Punjab and Karnataka, Manpreet Badal and Krishna Gowda, alleged that the country had “lost the opportunity” to bring tax reform and that there was “utter chaos and confusion”, forcing many businesses to shut down.

They also alleged that there was “poor implementation” with regard to GST’s concept, design, tax rates, exemptions, compliance requirement and technological preparedness. They said the party would demand reduction of tax rates for many items and raise other concerns of the business community in the Guwahati meeting of the GST Council.

  1. Jayesh Sheth
    Nov 11, 2017 at 7:02 am
    he is correct,because at the time of prepared the daftt of GST,minister should begin his process before 6 month because now the problem is that the income of oivt. will reduce and they have laready spent more than 90 budget expenses in first 6 month,so yesterday govt.yild and currency market also reflect.One more thing i like to add that govt had reduced the slab og GST for 28 to 5 on food by restaurant while essential medicine rate is 12 bracket.So my presmtion is that food and life saving medicines should remain in low GST regime,means 5 .Although i wish after election they will not increased the rate farther.Because it is a political decision.
    Reply
    1. R
      reva
      Nov 10, 2017 at 1:42 pm
      When complete s are certified as economists and there is no talent in the ranks this is what happens. High time BJP admits it cannot govern at all. Campaigning for election and lying to illiterate masses is not governance
      Reply

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