Chidambaram calls BJP’s 8 tax rates under GST ‘stupid’
Former Finance Minister P Chidambaram termed the BJP government’s eight tax rates under the Goods and Services Tax regime “stupid idea” saying “filing GST returns has been a nightmare”
Senior Congress leader and former Finance Minister P Chidambaram on Friday, December 21, termed the BJP government's eight tax rates under the Goods and Services Tax (GST) regime a "stupid idea" and said "filing GST returns has been a nightmare".
"The stupid idea was the BJP's idea of having eight rates when GST was first implemented in July 2017," the former Finance Minister tweeted.
"If the GST Council will discuss tomorrow 'Ease of filing returns', is that an admission that filing returns has not been easy in the last 18 months?
"The truth is filing GST returns has been a nightmare," Chidambaram said.
"When the Congress President (Rahul Gandhi) said — as I have said — GST should be a single rate, it means that the standard rate of GST should be a single rate. That's absolutely correct.”
"As (former Chief Economic Adviser) Arvind Subramanian's RNR (Revenue Neutral Rate) report pointed out, when there is a standard rate there will also be a standard-minus rate and a standard-plus rate. That's elementary, not stupid," he added.
Prime Minister Narendra Modi had said at an event in Mumbai on Tuesday that the government was aiming to bring 99 per cent of items below the 18 per cent GST slab.