GST the biggest madness of the decade opined Subramania Swamy: BJP leader and Rajya Sabha MP Subramanian Swamy said the introduction of Goods and Service Tax (GST) is the major flaw of the decade as this hinders the economic growth of the country. Across the globe, progress takes the front seat, but in India, reformation measures that are not going to be beneficial for the growth of the economy are getting introduced.
On average, every country must mark the growth of 10% to become a superpower, but there is a speed break for our country in the name of GST. Investment is the base upon which the growth is measured. Towards the end, efforts should be made to see that investors are not terrorized by the income tax provision and on top of that GST like measures.
GST introduction is not really great, and finer aspects of the same are not understood, and forms are confusing to follow. He cited this when the BJP MP was speaking on "India- an economic superpower by 2030," an event organized by Pragna Bharati on February 19. GST forms to be submitted online are a cumbersome process, highlighted Subramanian Swamy. He also said the focus should be instead on improving the efficiency and increasing the investment prospects. New yardsticks should be put in place to achieve the 10% aspiration to become the superpower.