Reducing GST is ‘belated wisdom’

Former Finance Minister P. Chidambaram on Wednesday described Prime Minister Narendra Modi’s statement that the government was trying to reduce goods and services tax (GST) on 99% of the items below 18% as ‘belated wisdom’. “Having scrambled the egg needlessly when GST was introduced, government is trying to unscramble it! Typical of NDA,” Mr. Chidambaram tweeted. In a series of tweets, he pointed that the government “has started with 18 per cent as the standard rate”. “BJP/NDA governance mantra is ‘Leap before you look’. Which is the reason for the damage caused by GST to businesses, especially MSMEs,” he added.

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