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Chidambaram on GST rates cuts: Congress, I are vindicated

ANI  |  New Delhi [India] 

Senior leader P. Chidambaram on Friday said that he and his party are vindicated by the cuts in the Goods and Services (GST) rates.

"is vindicated. I am vindicated. The merit of capping at 18% is now recognised," Chidambaram tweeted.

The former Minister mocked the (BJP) and said that the government learned its lesson because of the upcoming Gujarat Assembly elections.

"When rate is capped at 18%, this Govt would have learnt its lesson belatedly. Thank you Gujarat. Your elections did what Parliament and common sense could not do(sic)," he wrote.

The Rajya Sabha MP said the next goal of his party will be the implementation of the Neutral Rate (RNR) in

"party's next goal will be to push for one rate: RNR with an RNR plus and an RNR minus," he said.

The RNR is a structure of different rates established in order to match the current generation with under GST.

Union Minister today announced moving 178 items from the 28 percent to the 18 percent bracket under the GST, applicable from November 15.

The changes in the system were decided at the 23rd meeting headed by the minister, at Guwahati today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 11 2017. 05:22 IST