Login | Register
GST Library
TaxReply Support
YouTube Videos
Twitter
Buy Premium Tax Domains
About Us
Contact Us
Our Services
TaxReply India Pvt Ltd
  AA
5.34k

GST has serious birth defects: Says Former FM, P. Chidambaram

"A SIMPLE tax so complicated that even those who enforced it fail to understand it. Good Simple Tax? Not really," - Congress tweeted.

"The GST has serious birth 'defects'. In the last five years, these defects have only become worse. The so-called GST that is enforced today was not the GST envisaged by the UPA government," Congress MP P Chidambaram said at a press conference here at the party headquarters as the ruling dispensation celebrated the fifth anniversary of GST rollout.

The former Union Finance Minister said, "This is a GST that is flawed, defective and unstable. The law is so defective that government had been forced to issue hundreds of directions. In five years, the government had issued 869 notifications, 143 circulars and 38 orders."

The Congress on Friday demanded Centre to replace the present GST calling it a "flawed and unstable" tax regime that has ruined the Indian middle class in the past five years.

"The worst consequence is the complete breakdown of trust between the Centre and the States. It has only deepened the mistrust between them,' he said stressing on the "chasm" that has only increased under the BJP's rule at the Centre.

He said, "The GST laws and the manner in their implementation have wrecked the economy. It has led to large scale destruction of the MSMES, a sector that contributes upto 90 per cent of the jobs in the manufacturing sector. The only beneficiaries of the flawed GST are big businesses, CAs and tax lawyers."

"No flexibility in present GST law, no cooperative federalism exists as states are sidelined. Five years of GST mess has affected every aspect of middle class Indians' life. From shutting .......
☛   Login to read more...


Add to Fav ☆
Add to favorites.
Best-in-class
Digital GST Library
Plan starts from
₹ 5,000/-
(For 1 Year)
Checkout all Plans
Unlimited access for
365 Days
✓ Subscribe Now
Author:

TaxReply


Jul 2, 2022

Comments


first let him rectify the defects in his own party which is having defective leadership and in deathbed. why not he start a new party with absolutely defect free policies. both congress and himself are at terminal stage.
By: M-murali
Jul 3, 2022


Post your comment here !

Login to Comment


Other Important Updates


☛   Read more updates...

12
May
S
M
T
W
T
F
S
13 May

☑ Monthly | GSTR-5

GSTR-5 for the m/o Apr 2025 [Return by Non Resident Taxpayers - Rule 63 - Section 39(5)]

☑ Monthly | GSTR-6

GSTR-6 for the m/o Apr 2025 [For Input Service Distributors - Rule 65 & Section 39(4)].

☑ Monthly | IFF

IFF for the m/o Apr 2025 (QRMP Taxpayers, Optional) - Rule 59(2).

20 May

☑ Monthly | GSTR-3B

GSTR-3B for the m/o Apr 2025 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.

☑ Monthly | GSTR-5A

GSTR-5A for the m/o Apr 2025 [Return by OIDAR Service Providers - Rule 64.]

25 May

☑ Monthly | PMT-06

PMT-06 Monthly tax payment for Apr 2025 under QRMP Scheme [Rule 61(1)(ii) - Proviso to Section 39(7)].

Taxpayers have a choice to pay tax either, as per -  

A) Fixed Sum Method OR 
B) Self assessment basis subject to interest on short payment of taxes.
(Notification No.85/2020 - CT)
 
28 May

☑ Monthly | GSTR-11

GSTR-11 for the m/o Apr 2025 (Statement of inward supplies by persons having Unique Identification Number (UIN)).