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GST an ‘absolute failure’, second main assault on India’s unorganised financial system, claims Rahul Gandhi – Politics News , Firstpost

The Congress chief had earlier mentioned that demonetisation was the primary assault on the casual sector of the financial system

File picture of Rahul Gandhi. PTI

New Delhi: Congress chief Rahul Gandhi on Sunday mentioned the NDA’s Goods and Services Tax (GST) is just not a tax system however an “attack” on India’s poor and on its small and medium companies, and urged all to face in opposition to it.

Dubbing the GST as “Gabbar Singh Tax”, he mentioned it’s the second main assault on India’s unorganised financial system, and is an “absolute failure”.

He had earlier mentioned demonetisation was the primary assault on the casual sector within the financial system.

As a part of his video collection on the financial system, the previous Congress president alleged that the NDA authorities has stored 4 totally different tax slabs to assist these massive industrialists with means and contacts to alter the taxes beneath the GST regime.

“This GST is an absolute failure. Not only is it unsuccessful, but it is also an attack on the poor and on the small and medium businesses,” he mentioned within the video collection shared on his social media platforms.

“GST is just not a tax system, it’s an assault on India’s poor. It is an assault on small shopkeepers, small and medium companies, farmers and labourers.

“We have to recognise this attack and stand against it together,” he mentioned.

Gandhi shared the beneath the 3-minute video on Twitter and mentioned, “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 collection by him on the financial system.

Gandhi and the Congress have stepped up their assault on the Modi authorities over the state of the financial system after India’s financial development suffered its worst fall on document within the April-June quarter, with the gross home product (GDP) contracting 23.9 p.c.

He claimed that the GST was UPA’s concept, 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.

The Congress chief mentioned the small and medium companies can not pay this tax, whereas the large firms can simply pay it by using a number of accountants to do the job.

“Why are there 4 totally different charges? This is as a result of the federal government needs those that have the means to have the ability to simply change GST, and those that haven’t got the means, can not do something about GST.

“Who has the means? India’s biggest 15-20 industrialists. So, whatever tax law they want to change can easily be done in this GST regime,” he alleged.

Gandhi mentioned the results of the NDA’s GST is that immediately, the Government of India is unable to offer the GST compensation cash to the states.

The states are unable to present cash to state workers and academics, he mentioned.

Gandhi has earlier introduced out an analogous video collection on the scenario on the border with China.

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