‘GST means economic apocalypse’: Rahul Gandhi’s latest jibe at govt over economy in new video
Congress leader Rahul Gandhi on Sunday cornered the government over the Goods and Services Tax (GST) and blamed it for hurting the country’s economic growth.
Gandhi was referring to the contraction in India’s gross domestic product (GDP) by a massive 23.9 per cent in the first April-June quarter this year compared to the same period last year.
“Another major reason for the historic decline in GDP is the Gabbar Singh Tax (GST) of the Modi government. This wasted a lot like - Millions of small businesses. The future of millions of jobs and youth. The economic situation of states. GST means economic apocalypse,” Gandhi tweeted on Sunday morning.
The former Congress president, in his third video of the four-part series, accused the government of allowing 15-20 businessmen of having the reach to manipulate the tax payment and farmers, labourers and small businesses of not having similar leverage.
“Small and medium businesses cannot pay this tax. The big companies can easily pay it by putting 5-10-15 accountants to do the job. Why are there four different rates? This is because the government wants those who have the means to be able to easily change GST, and those who don’t have means, cannot do anything about GST,” he said.
“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 added.
Introduced on July 1, 2017, the reform seeks tax collection in the country under five different rates on supply of goods and services - 0 per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. The tax reform has been widely criticised by opposition parties for its complexities under several brackets and shoddy implementation.
Gandhi said GST was a complete failure and an attack on the Indian economy. “Today, the government of India is unable to provide GST compensation money to the states. The states are unable to give money to state employees, teachers,” he added.
“Not only is it unsuccessful, but it is also an attack on the poor and on the small and medium businesses,” he added.