MANGALURU : Congress president Rahul Gandhi has rightly termed GST as “Gabbar Singh Tax” since it is not the one adopted worldwide nor the one proposed by the Congress that was stalled for three years by the BJP, the former Union Finance Minister P. Chidambaram has said.
Speaking to reporters here on Wednesday, Mr. Chidambaram noted that even Government Chief Economic Advisor Arvind Subramanian wanted a simpler GST, as against the present regime where multiple tax slabs exist. The ideal tax slab should have between 15 % and 15.5 %, he quoted Mr. Subramanian.
The Congress leader said that while the Congress too wanted a simple tax structure, he wanted the maximum cap to be fixed at 18 % to offer some space for the government to manage the finances.
“This is not the real GST; you can call it by any name,” Mr. Chidambaram quipped.
On being asked whether fuel should be brought under GST, Mr. Chidambaram said that it should be; there was no doubt about it.
The BJP is looting the common man by three-fold increase in Central Excise on fuel, he said. Fuel prices should have varied according to international crude prices; however, the prices are only increasing in India leaving hapless people to blame the government, he said.
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Source : The Hindu