GST an major attack on India’s unorganised economy: Rahul

Vastavam web: Congress leader Rahul Gandhi on Sunday said the NDA’s Goods and Services Tax (GST) is not a tax system but an “attack” on India’s poor and on its small and medium businesses, and urged all to stand against it. Dubbing the GST as “Gabbar Singh Tax”, he said it is the second major attack on India’s unorganised economy, and is an “absolute failure”. He had earlier said demonetisation was the first attack on the informal sector in the economy.

As part of his video series on the economy, the former Congress president alleged that the NDA government has kept four different tax slabs to help those big industrialists with means and contacts to change the taxes under the GST regime. Gandhi shared the under 3-minute video on Twitter and said, “Another major reason for the historic decline in GDP is the Gabbar Singh Tax (GST) of the Modi government. It has destroyed a lot – lakhs of small businesses, crores of jobs and the future of youth and the financial health of states. GST means economic devastation.”

This is the third of the four-part series by him on the economy. Gandhi and the Congress have stepped up their attack on the Modi government over the state of the economy after India’s economic growth suffered its worst fall on record in the April-June quarter, with the gross domestic product (GDP) contracting 23.9 percent. He claimed that the GST was UPA’s idea, which meant “One tax, minimal tax, standard and simple tax”. “NDA’s GST is completely different. Four different tax slabs, up to 28 percent, complicated and difficult to understand,” he alleged.

Source: PTI