On July 6, Chidambaram had asserted that Modi government’s Goods and Services Tax (GST) is “very, very imperfect” and cannot be termed “one nation, one tax” as it has seven or more rates.
Chidambaram had said the Congress will press for a reduction in tax rates and demand a cap of 18 per cent, besides seeking to bring petroleum, electricity and real estate under the new tax regime.
“This is a very, very imperfect GST. This is not the GST which we (the UPA) had envisaged,” he had said.
What has been introduced is not GST. You can call it Indian Indirect Tax. It's not GST. - P Chidambaram, Congress pic.twitter.com/FeL2fZATNd— ANI (@ANI_news) July 23, 2017
What the government had implemented, he said, was a GST with at least seven rates.