The opposition national party has voiced strong criticism regarding the Goods and Services Tax (GST), highlighting significant structural problems. They argue that the government's defence of its own perceived failures has contributed to the Indian economy's current difficulties. The party also asserted that the flawed rollout of GST has resulted in a substantial economic loss exceeding Rs 5 trillion, representing 2.5% of the nation's GDP and approximately 40% of total GST revenue.
The opposition party took to Twitter and expressed serious concerns on the structural issues in GST, the tweet from the partys official handle read, An ill-conceived GST, serious structural issues and a govt that is determined to defend unto death their own ineptitude - the unfortunate recipe that h
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member?
Login here
for an ad-free experience.
FAQ :
The opposition party's main concern is that the GST has serious structural issues and was ill-conceived.
The opposition claims the flawed implementation of GST has led to the Indian economy being in trouble.
The opposition claims the flawed implementation of GST has led to a loss of over Rs 5 trillion.
The claimed loss of over Rs 5 trillion is equivalent to 2.5% of the country's GDP.
About 40% of the total GST revenue collection is attributed to the flawed implementation.