Chidambaram, the former Finance Minister of India, has slammed the implementation of GST claiming that it was carried out in an unprepared and shoddy manner.
In a media statement, Chidambaram said: “Aim was that one indirect tax will subsume all other indirect taxes, this GST fails to achieve that. We demand that real estate, electricity and petroleum products be brought under GST.”
In addition, the statesman was advocating a delay of two months in roll-out of the tax regime along with a dry run to iron out any kinks.
“When we have rates like 0.25, 3, 5, 12, 18, 28 and 40, and possibly more because of the discretion vested with state governments, how can we call this a ‘one nation, one tax’ regime?” he asked.
Chidambaram further went on to say that Congress would keep monitoring GST roll-out and will put forth the grievances and apprehensions of the small and medium business segments. “We will keep vigil over the possible misuse of the draconian powers given to anti-profiteering authority. We will highlight the elements of the true GST.”