Delhi : Union Finance Minister Arun Jaitley said that the congress which has been attacking him over the alleged failure of the Goods and Services Tax (GST), had “no idea” of the taxation scheme.
In an interview, he also clarified that the GST Council, under him, was looking into rationalizing the rates as and when a revenue-nuetral situation arises.
“The national leaders of the Congress have no idea or understanding of the GST, while their state ministers understand the procedures to decide slabs. Ascertaining rates for various commodities and fixing tax rates takes time. It is not an overnight process, and this needs to be understood. Bringing everything under the 18 per cent GST slab is helping those who spend on luxury items. Does Congress want to make BMWs and Mercedes cheaper?” he questioned.
Continuing his criticism of the opposition and the measures taken during their governance in the last ten years, Jaitley claimed that the India was perceived as a country with ‘policy paralysis’ globally.
“We all know how the Congress’ governance impacted the economy during their stint at the centre. Excessive funding was given to the banks and other financial institutions, and improper restructuring resulted in further problems. India was considered to be undergoing a policy paralysis at the time,” he said.