Senior Congress leader P Chidambaram, today, 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 former Finance Minister in a Tweet said that “The stupid idea was the BJP’s idea of having eight rates when GST was first implemented in July 2017.” “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,” he added.
“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,” Chidambaram added.