Congress Calls for Radical GST 2.0 Reform Amid Rate Cut Announcements
The Congress party criticized ongoing GST reforms by emphasizing the need for a comprehensive overhaul, beyond mere rate reductions, to create a radically simplified and less punitive GST 2.0. It accuses the current government of increasing compliance burdens and facilitating fraud due to the current complex tax structure.
- Country:
- India
The Congress party has expressed dissatisfaction with the government's approach to GST reforms, urging a more comprehensive overhaul than the promised rate cuts.
In a strong statement, Congress leader Jairam Ramesh calls for GST 2.0, which promises a simpler, good, and straightforward tax system to reduce compliance burdens and tax evasion.
The party has criticized the current multi-tier tax structure for encouraging fraud and creating economic imbalance, urging the finance ministry to take decisive action.
(With inputs from agencies.)
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