Congress leader Rahul Gandhi on Sunday targeted the central government’s GST and termed it as an economic apocalypse for the nation. Rahul remarks came in the third part of his video series regarding the economic situation in the country.
Rahul said, “Another major reason for the historic decline in GDP is the Gabbar Singh Tax (GST) of the Modi government. This destroyed millions of small businesses, future of youth as there are no jobs and economic status of states.”
“GST means economic apocalypse,” Rahul added.
Further talking about GST, Rahul said, “The second major attack on the unorganized economy was GST. GST was UPA’s idea. One tax, minimal tax, standard and simple tax. NDA’s GST is completely different. Four different tax slabs, up to 28%, complicated and difficult to understand. 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. 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,” Rahul said.
Explaining how GST is an absolute failure, Rahul said, “And what is the result of NDA’s GST? 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, etc. Hence 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. GST is not a tax system, it is an attack on India’s poor. It is an attack on small shopkeepers, small and medium businesses, farmers and labourers. We have to recognise this attack and stand against it together.”
Rahul Gandhi had Slammed the Central government in his second video message released on September 3, he said that demonetisation was an attack on India’s poor, its farmers, labourers and small shopkeepers and claimed that the decision of demonetisation by the central government was an attack on India’s unorganized economy.
In his first video message released on August 31, Rahul said that over the past 6 years central government has been attacking the informal sector and claimed that demonetization, ‘wrong’ GST, lockdown’s aim was to destroy this sector.