There were serious birth defects in GST which got worse in last 5 years: Chidambaram

Author: Yuvi July 1, 2022

There were serious birth defects in GST which got worse in last 5 years: Chidambaram


Stating that there were serious “birth defects” in the GST, which only got worse in the last five years, the Congress on Friday said the GST laws and the manner in which they are implemented have “ruined the economy” and the party GST Will work towards replacement. 2.0.

The opposition party said demonetisation was the first “tughlaqi decree” of the government while the goods and services tax was the second. Both have hurt the economy.

Senior Congress leader P Chidambaram said at a press conference here that GST is celebrating its fifth birthday on Friday but there is really nothing to celebrate. “GST had serious birth defects. These lapses have gotten worse in the last five years and all those affected by GST have been seriously injured,” said the former finance minister.

“The Congress wants to make it absolutely clear that the so-called GST implemented today was not the GST envisaged by the UPA government,” he said.

Chidambaram said, “As far as the Congress party is concerned, we reject the existing GST and as promised in the 2019 election manifesto, we will work towards replacing the existing GST with GST 2.0, which is a single , will be low-rate.” Told.

“The GST that we have today is a complex web of multiple rates, conditions, exceptions and exemptions that would completely leave even an informed taxpayer bewildered. Not all registered dealers are informed taxpayers; Consequently, they are at the mercy of the tax-collector,” he said.

He said a flawed GST has caused “massive destruction” of MSMEs, a sector that contributes up to 90 per cent of jobs in manufacturing. He said, how was the worst result of GST brought by the government, there has been a complete breakdown of trust between the Center and the states.

Author: Yuvi

My name is Yuvi, I work as Sub Editor at newscinema.in

1 July, 2022, 5:03 pm

News Cinema on twitter News Cinema on facebook

Friday, 1st July 2022

Latest Web Stories

More Stories
Miami mocked for unveiling African-themed police cruiser to celebrate Black History Month
Landlord found by tenant to be posing as handyman and entering home without notice
Bad posts, tough jobs and hostel shenanigans – Times Anubhav Singh Bhasi made us cry, laugh
Senate Judiciary Committee puts Ticketmaster on notice ahead of Beyoncé tour
Tesla electric car outsells Australia’s most popular SUVs
New York Blocks Payments to 20 Firms That Serve Hasidic Schools
The last dramatic episode of FC Barcelona is called Gavi
Three University of Idaho students claim they saw murders union suspect Bryan Kohberger at student
Madonna’s daughter Lourdes Leon DENIED entry to Marc Jacobs show after arriving after doors closed
Pamela Anderson defends unlikely friendship with Julian Assange and defends him as a ‘truth seeker’
How the multi-million dollar crime empire of feared Melbourne kingpin George Marrogi was smashed
ABC cops formal complaint over ‘white supremacy’ report on Alice Springs crime wave crisis meeting
Olivia Wilde looks somber while out in West Hollywood amid child support battle with Jason Sudeikis
Don Lemon ‘SCREAMED’ at CNN This Morning co-host after he accused her of ‘interrupting’ him
Man Paid $20,000 in Bitcoin in Failed Attempt to Have 14-Year-Old Killed, US Says
‘I asked her why…’: Aruna Irani shares Rekha’s ouster from ‘Mangalsutra’
Gauri Khan Faces Oops After Her Jacket Gets Stuck On A Pole Outside Designer Store – WATCH
She Took On Atlanta’s Gangs. Now she may be coming for Trump.
PIC: Boy, 5, who was brutally attacked by a mountain lion before his mom wrestled the animal off him
Siddharth Malhotra and Kiara Advani wedding: From the royal arena, Shahid Kapoor, Karan Johar star guest list dates, scoop
China Spying on America Using Balloon as Big as Three Buses? US Tracking Suspected Chinese Spy, Says Pentagon
Miami landlord is SLAMMED after filming himself telling tenant he’s more than doubling her rent
Qantas savaged after CEO Alan Joyce claims airline is ‘back to its best’
Actress And Hairdresser Took $3 Million From Malibu Doctor, Prosecutors Say
Report Traces Rising Prevalence of Semiautomatic Pistols in Gun Crimes
Unopened original iPhone set to ring up £41,000 at auction
Pentagon Discovers Suspected China Spy Balloon Over Northwest United States
Can a $1 TRILLION platinum coin solve the US debt crisis?
Who Do Bears Rub Against Trees? Scientists Offer New Explanation.
Lip reading analysis reveals Tom Brady raged about ‘sounding stupid’ during furious phone call
Biden Aims to Deter China With Greater US Military Presence in Philippines
Report finds 80 percent of butterflies have declined since the 1970s
Tech’s Biggest Companies Discover Austerity, to the Relief of Investors
MATT RIDLEY: Scientists will one day bring back dodos, great auks and even woolly mammoths
Arkansas Gov. Sarah Huckabee Sanders to deliver GOP State of the Union rebuttal
Furious legal row in Murdaugh trial over whether jury can hear about legal scion’s financial crimes
Soaring Death Toll Gives Grim Insight Into Russian Tactics
Mary Magdalene: Model’s 38J implant bursts, left with ‘alien uniboob’
The 10 US cities where black Americans fare best – and worst – economically
Gwyneth Paltrow opens the door to her priceless fashion ARCHIVE – filled with designer items
The Northeast Braces for the Worst Windchill in Decades
Now 12 squirrel monkeys are missing from Louisiana Zoo days after two were stolen from Dallas Zoo