Subramanian Swamy terms GST ‘biggest madness’© thequint.com

Subramanian Swamy terms GST ‘biggest madness’

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BJP leader and MP Subrahmanian Swamy stressed the need for ensuring economic growth at 10% a year for the next decade for the country to become a super power.

Towards this end, efforts should be made to see that investors are not terrorised by the provisions of the income tax and goods and services tax. The GST, he said, was the “biggest madness” of the century and it is so complicated that no one understood the finer aspects like which form to fill and where. The BJP MP was speaking on ‘India – an economic superpower by 2030’, an event organised by Pragna Bharati here on Wednesday.

He expressed concern over the insistence on submission of the GST-related forms online and said the focus should instead be on improving the efficiency levels of investments for ensuring the anticipated 10% annual growth for the next 10 years. The country had achieved 8% growth from time to time, but there had been no improvements relating to the reforms put in place by former Prime Minister P.V. Narasimha Rao.