1. Subramanian Swamy tirade against Modi government continues; this time on GST

Subramanian Swamy tirade against Modi government continues; this time on GST

Senior BJP leader Subramanian Swamy on Wednesday said that the Good and Services Tax (GST) should not have been implemented in a hurry.

By: | Updated: September 27, 2017 6:40 PM
Subramanian Swamy, MK Stalin, TTV Dhinakaran, Tamil Nadu, Tamil Nadu politics, Tamil Nadu Chief Minister, Stalin’s Dravida Munnetra Kazhagam, AIADMK Senior BJP leader Subramanian Swamy on Wednesday said that the GST should not have been implemented in a hurry. (PTI)

Senior BJP leader Subramanian Swamy on Wednesday said that the Good and Services Tax (GST) should not have been implemented in a hurry, and the involvement of private companies in the GSTN is leading to harassment, just a few days after he came down heavily on the Narendra Modi government for not taking necessary steps to revive the slow economic growth.

“GST not something that should have been implemented in a hurry. I have received a lot of complaints of harassment under the GST. The government should not have involved private companies in the GSTN,” Subramanian Swamy told CNBC-TV18.

He further hit out at the government on the GSTN saying that it was “far behind schedule”. The GST Network (GSTN) is running into snags due to the rush of filing invoices. The taxpayers are also learned to have troubles understanding exact tax liabilities and processes required to file their returns.

Besides filing of the GST returns, exporters fear that if the refund of about Rs 65,000 crore does not start flowing immediately, it would get stuck and, further deteriorate their liquidity situation. Interestingly, adding to their woes, while the government has committed to refunding Rs 12,000 crore at the earliest, the remaining amount of claims remain under scrutiny.

Subramanian Swamy, who claims to have written a 16-page letter to Prime Minister Narendra Modi warning him about the slowing economic growth in last May, had earlier said that the Indian economy was in a tailspin and heading for a depression. He even suggested new ways to revive the economic growth by abolishing the personal income tax, lowering the interest rates et al.

Subramanian Swamy, who was a lone wolf so far in criticising the government for the economic policies, was joined by senior BJP leader and former finance minister Yashwant Sinha on Wednesday. Yashwant Sinha, in an article titled ‘I need to speak up now’ in The Indian Express, attacked the government on the demonetisation exercise, which, according to him, proved to be an “unmitigated economic disaster”, and the implementation of the GST which was a “badly conceived and poorly implemented” havoc.

However, the government seems to be in damage control mode. On Monday, Narendra Modi formed an Economic Advisory Council under the chairmanship of NITI Aayog member Bibek Debroy to address the issues of macroeconomic importance, and analyse and advise the Prime Minister on any issue, economic or otherwise, referred by him.

Meanwhile, the GST collection for August came in at Rs 90,669 crore as on Tuesday, down by 3.7% compared with Rs 94,063 crore garnered for July.

  1. Ramesh Rao Neramballi
    Sep 30, 2017 at 12:07 pm
    At least some in their ranks are waking up.If at all there are anti nationals,you can guess who are they?Had Mr Manmohan Singh implemented demonetization and GST then he would have been butchered.By his thought less acts India lost lakhs of crores of Rupees. I demand to know who will make good the loss? BJP/Ambani/Adani or that dunder head Gurumurthy?
    Reply
    1. Jayesh Sheth
      Sep 28, 2017 at 10:59 am
      GST is pending for so many years but when economy in gloomy and demonatision took place then without preparation it is difficult for every one to implment becaust there is nearly 80-90000 items and it is very difficult for any big country.And ultimetley people has to suffer and govt. income will come down which was main intense of govt.
      Reply
      1. C
        chander
        Sep 28, 2017 at 9:55 am
        I knew that Indian economy will be on a tailspin when the GSTN, the network to handle GST was given to private hands without any open bidding for the business. This is similar to the 2G scam. Just watch, your taxed funds will be in Singapore!
        Reply
        1. S
          Shankar
          Sep 27, 2017 at 9:34 pm
          another anti national revealed his true colours .... kick Swami out of BJP
          Reply
          1. Saleem Shamsi
            Sep 29, 2017 at 6:43 am
            If anybody tries to say something nowadays really people like u start kicking them out how many people r u going to kick out.
            Reply
          2. Prasanna Venkatesan
            Sep 27, 2017 at 8:46 pm
            After service tax SGT levied of 18, 24 levels on hotel bills, ceramic tiles, are serious rates, charged by rural money lenders.Another big question is, how the Govt., is going to redeploy the staff at various s Tax Depts., both at the Central and State levels and the staff at the planning commission, now replaced by Niti Ayog.Many small businesses are shrinking or closing down, thanks to the pressure of paying GST, when bills are raised.The Service Tax on the Services sector like caterers, building contractors, were severely affected by 14 rate, which was not the margin, for many, now worse with GST at 18-24 A flat 9-10 on all businesses, would have boosted many sectors, suffering inflation, scarcity of materials like sand, steel, etc. Compounding all this, delivering a thunderbolt is the raising petrol prices, when the barrel rates are below $50/- per barrel.Transport cost form around 10-15 in many agro and building products.The FM must now ACT, before it is too late .
            Reply
            1. P
              Pog
              Sep 27, 2017 at 6:54 pm
              The jumlas have started to unravel a little too fast! The lies are catching up, the incompetence is adding up and slowly but surely things are going bad. It's now a question of when we'll hit rock bottom and then maybe we'll have a rebound if we are lucky. The Gujarat model is in tatters as well. So I guess it will be more of cow, communalism and pseudo-nationalism. Who will tell the emperor that he has no clothes?!
              Reply
              1. Load More Comments

              Go to Top