Indian National Congress Advocates for Deferred GST Implementation
Former Finance Minister P. Chidambaram recently argued that the July 1 deadline for Goods and Services Tax (GST) implementation was impractical and proposed a delay until October. He highlighted concerns that the current GST Bill was imperfect and would require amendments. Chidambaram emphasized that a rushed rollout would particularly disadvantage Small and Medium-sized Enterprises (SMEs), which might need more time to adapt to new online tax filing complexities.
Congress Seeks Postponement of GST Rollout
Updates from April 10, 2017
Former Finance Minister P. Chidambaram recently stated that the proposed July 1 implementation date for the Goods and Services Tax (GST) was both unfeasible and ill-advised. He urged the government to delay its introduction until October. During his address in Delhi, Mr. Chidambaram criticized the current version of the GST Bill, suggesting it was flawed and would necessitate revisions within the following two years.
He further argued that a rushed GST implementation would adversely affect most Small and Medium-sized Enterprises (SMEs) across the nation. These businesses might not possess the same level of familiarity with complex online tax filing procedures as larger corporations, requiring additional time to adapt to the new taxation framework. This perspective was originally reported by The Indian Express.