Piyush Goyal dubs single GST slab proposal as 'ridiculous'

ANI  |  Kolkata (West Bengal) [India] 

Union disapproved the proposal for single (GST) rate slab by describing it as a "ridiculous suggestion".

Goyal's comments came after some political parties recently clamoured that the Centre must get rid of the four-slab GST rate structure.

On a related note, the had vowed to reduce the GST rate structure to one slab if they come to power in 2019.

Speaking at an event here on Monday, Goyal said," One rate of (GST) is a ridiculous suggestion. It would be a burden on the poor and the middle class if items of daily use like salt, sugar and clothes were taxed at 18 percent."

Goyal further said that the then United Progressive Alliance (UPA) led by had proposed an 18 percent single GST slab, keeping in mind the collections and concessions given to the poor.

"The rate proposed earlier would not have been accepted. Also, the GST structure would not have worked," the Finance Minister, who has been looking after the due to Arun Jaitley's indisposition, added.

Goyal, however, said that the rates of 328 items out of a total of 1,200 had been reduced following the implementation of GST in July last year.

Earlier this week, Goyal had also lauded the for working as a responsive organisation and successfully implementing GST bill in the country in just a year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 10:35 IST