Debate Heats Up Over India's Most Complex GST Structure

In a heated Lok Sabha debate, Congress MP Shashi Tharoor criticized the Finance Bill as patchwork, highlighting India's GST as the world's most complex tax system. While BJP's Nishikant Dubey defended the bill, Tharoor mentioned the structural challenges in economic management, citing examples from China, Vietnam, and Thailand.

During a passionate debate in the Lok Sabha, Congress MP Shashi Tharoor launched a scathing critique of the Finance Bill, describing it as 'patchwork' and spotlighting India's GST as excessively complex.

Tharoor contended that India's GST system imposes exorbitant rates and cumbersome compliance burdens, comparing them unfavorably to other countries like China and Thailand. BJP's Nishikant Dubey countered, defending the country's economic trajectory, underscoring growth from USD 2 trillion to USD 4.5 trillion over a decade.

Amidst the bickering, Congress MP KC Venugopal accused the BJP government of writing off Rs 18 lakh crore in corporate loans. However, Union Finance Minister Nirmala Sitharaman clarified that 'written off' loans are still being pursued legally.

(With inputs from agencies.)