Chennai July 1 (IANS) Former Union Finance Minister P. Chidambaram on Saturday said the Goods and Services Tax (GST) would severely affect micro small and medium traders and the law that has been implemented is not the way it was originally planned.

Speaking to reporters at Karaikudi Chidambaram said the Congress party is not against the GST but it is opposed to the way it is being implemented.

 

An economy with 1.3 billion consumers bonded together under single taxing method GST

Chidambaram said micro small and medium sized traders across the country would be impacted by the GST implementation.

He said that traders wanted some more time for GST implementation but the government refused the give them the needed time.

Chidambaram also said the GST will impact inflation.

The Congress party had kept away from the midnight Parliament function to roll-out the GST.

--IANS
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