NEW DELHI: A day after Rajya Sabha approved the GST Bill, BJP lawmaker Subramanian Swamy said today, that he would refrain from commenting on the merits of the legislation. The reasons he gave for his silence was because of a conflict between his scholarly commitment to economics and loyalty to the party.
“Has any PT studied in the proposed GST Constitutional Amendment what is the scope and role of GSTN? (Goods and Services Tax Network),” he tweeted today.
Mr Swamy uses ‘PT’ as short for ‘Patriotic Tweeple’.
When one of his twitter followers asked why he has not aired his views on GST and its impact on the economy, Mr Swamy replied, “I am silent because there is conflict between my scholarly commitment to economics and my loyalty to the party’s decided issues.”
“The only ways known so far to economists for increasing GDP growth rate is by higher investment and increased capital & labour productivity,” he said in another tweet.
Finance Minister Arun Jaitley has stressed that the roll-out of the GST Bill, which will bring the entire country under a single unified tax system, will turn India into the world’s biggest single market. This will help add up to 2 per cent growth to the GDP.