'गब्बर सिंह टैक्स' के 8 साल देश की जनता बेहाल https://t.co/EgvhmSAwMS
Rahul Gandhi has yet again channelised his internal energies to speak out another lie, only to get caught red-handed! The GST is anything but 'Anti-Federal'. With sharing of the GST revenues, the Centre has gone out of its way to enhance States' finances. Corporate tax policies https://t.co/QzTBYi26UG https://t.co/YwpnkLjBSp
'Brutal tool of economic injustice, corporate cronyism': Rahul slams GST, calls for reform https://t.co/6TaQ8SZSR5
India's Goods and Services Tax (GST) marks its eighth year since implementation, with mixed assessments from political leaders and economists. The Modi government has described GST as a landmark reform that has increased tax revenues and formalized the tax system. Economist Surjit Bhalla noted that GST has contributed to a large increase in tax revenue and more individuals entering the formal tax net, though he cautioned that tax rates remain high. Punjab Finance Minister Harpal Singh Cheema highlighted a 44% increase in GST collections for Punjab in June, significantly outpacing the national average growth of 14%. However, opposition leader Rahul Gandhi criticized GST as a tool of economic injustice and corporate cronyism, arguing that it punishes the poor, undermines micro, small and medium enterprises (MSMEs), and benefits a few billionaire allies of the Prime Minister. Supporters of GST counter that the system is not anti-federal and that revenue sharing has enhanced state finances. The debate continues as India considers the next steps in evolving its GST framework.