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Rahul Gandhi says he will visit GST again when Congress is voted to power in the Center | India News


COIMBATORE: Congressional leader Rahul Gandhi said on Saturday that his party is committed to reconceptualizing the Goods and Services Tax regime if power is voted in the Center and ensuring that a ‘single tax, minimum tax’ will be introduced.
The current tax system has paralyzed medium, small and micro businesses, he said in an interaction with industry representatives here.
The congressional leader, who started his campaign for the Tamil Nadu assembly ballot box, said there is a need to promote MSMEs, to compete with countries like China and Bangladesh.
“In my opinion, the future of India and whatever competition we want to win with China, Bangladesh or others is through MSMEs,” he said.
Small and medium-sized industry was the backbone of job creation, he said, and blamed the Center for creating “great discord” in the country.
“You cannot have disharmony and economic growth,” he said, arguing that India cannot generate jobs and the economy has been devastated.
Responding to a GST participant, he criticized the Modi-led government for circumventing most of the negotiations that took place during the UPA rule for a simple minimum tax.
Eventually, the BJP government ‘superimposed’ its own model deviating from the originally conceptualized framework and as a result, people paid ‘five’ (in reference to slabs) massive amounts of taxes and faced enormous complications as well, he alleged.
He secured the restructuring of the GST to pave the way for “one tax, minimum tax,” if his party won power in the Center.
“This GST regime will simply not work. It will put a heavy burden on MSMEs and cripple our economic system. The biggest supporters of GST were big business. There is a reason for this. GST … as it is currently designed to help them and not MSMEs, “Gandhi said.
His party and the United Progressive Alliance pledged to re-conceptualize and restructure the GST for a single tax and a minimum tax.
“When we come to power in Delhi, we will restructure the GST and give it a tax, the minimum tax,” he said.
MSMEs should be truly empowered and should have access to credit, he said, adding that the government cannot tie the hands of industries with “GST and demonetization” and ask them to compete with China.
There was a need to simplify the GST and other regulations for the benefit of MSMEs. “Without unblocking the banking system, without giving protection to MSMEs and incentives for job creation, the Indian economic system will not advance,” he said.

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