GST reforms: Congress says it is vindicated
GST
Dated:- 18-8-2025
PTI
New Delhi, Aug 18 (PTI) The Congress on Monday said it stands vindicated on its criticism of the “flawed” Goods and Services Tax after Prime Minister Narendra Modi promised a simplified GST structure.
Congress general secretary, communications, Jairam Ramesh claimed the economy has never recovered from the twin “Modi-inflicted shocks” of GST 1.0 and demonetisation.
“It was the Vijay Kelkar Committee report of 2004 that led to the first announcement of GST in Mr. P. Chidambaram's Budget Speech of Feb 28, 2006. Here, Dr. Kelkar and his colleagues offer their suggestions for a transformed GST 2.0,” Ramesh said in a post on X.
“The Indian National Congress st
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ced the proposal to reform the GST law in his Independence Day speech on August 15 from the ramparts of the Red Fort.
The present GST tax rates of nil/zero on essential food items, 5 per cent on daily use products, 12 per cent on standard goods, 18 per cent on electronics and services and 28 per cent on luxury and sin goods will be replaced by two tax slabs of 5 per cent and 18 per cent plus a special 40 per cent top bracket for 5-7 demerit goods.
The proposed two-slab regime, if approved by the GST Council, will replace the current four slabs in the Goods and Services Tax (GST) regime, doing away with the 12 per cent and 28 per cent slabs.
The changes that have come about after nearly six months of deliberations and dozens of meeting
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