GST tax rollback: It took 4 months for common sense to germinate, says Chidambaram
Former finance minister and Congress leader P Chidambaram on Saturday took a dig at the government over the Goods and Services Tax (GST) roll back in tax slabs, saying it took four months for commonsense to “germinate, flower and ripen into a fruit”.
“Ministry of finance must be complimented for ‘improving’ the macro-economic situation in four months and 10 days!” Chidambaram said in a tweet.
The former finance minister’s remarks came a day after the GST Council removed 178 items from the highest 28% category.
Scores of mass consumption items such as detergent, shampoo and chocolates will become cheaper, as the panel decided on Friday that only so-called sin goods should be taxed the most under the new multi-rate system.