The idea of GST: RIP says Former Finance Minister P. Chidambaram

Last updated: 02 June 2021


The Former Finance Minister P. Chidambaram on Wednesday, 2nd June 2021, took to his Twitter handle to lay down GST in 10 points. Given below are his official Tweets.

Here is a ten point guide to understand GST

1. GST started as a good idea

2. BJP converted it into a bad law

3. It was notified with horrendous rates of tax

4. The law was applied as though tax-collecting officers were hounds hunting foxes

5. Every businessperson was suspected to be a tax evader

6. The GST Council was reduced to a talking shop

The idea of GST: RIP says Former Finance Minister P. Chidambaram

7. The GST Implementation Committee (consisting of officers) became the tail that wagged the dog

8. The FM treats the GoM as an extension of the NDA and its supporting parties

9. All FMs who express a contrary view are treated as errant schoolboys

10. The idea of GST: RIP


CCI Pro



News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


Comments



More »


Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details