P Chidambaram wants to know why GST goals are changing

Updated: Dec 26, 2018, 13:19 IST | PTI

"Until yesterday capping GST at 18 per cent was impracticable. Since yesterday, the Congress party's original demand of an 18 per cent cap is the declared goal of the government!

P. Chidambaram
P. Chidambaram

Former Finance Minister P. Chidambaram on Wednesday raised questions about what caused the change in the "declared goals" of the Goods and Services Tax (GST) regime, why it was being changed. "Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government!

"Until yesterday capping GST at 18 per cent was impracticable. Since yesterday, the Congress party's original demand of an 18 per cent cap is the declared goal of the government!

"Until yesterday, the Chief Economic Adviser's RNR report to fix the standard rate at 15 per cent was in the dustbin. Yesterday it was retrieved and placed on the FM's table and was promptly accepted!" the senior Congress leader said in a series of tweets.

The former Union Minister's tweets came barely two days after Finance Minister Arun Jaitley on Monday hinted that the country might eventually have a single standard rate of GST, adding that the 28 per cent slab would soon be phased out, except on luxury and "sin goods". In a Facebook post he also noted that the standard rate could be between the 12 and 18 per cent.

Jaitley's GST blog came a fortnight after electoral verdicts in three Hindi heartland states -- Chhattisgarh, Madhya Pradesh and Rajasthan -- did not go the Bharatiya Janata Party's way, and months ahead of the 2019 general elections.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

Subscribe
Loading...

No more trees to be axed in Aarey until October 21, says Supreme Court

NEXT STORY
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK