Subhash Chandra Garg cherry-picking figures from two different bases: CBIC
Garg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of 14.8% growth in gross GST collections in August and 11% growth in the first five months. In a social-media post, with an attached article, he argued that the headline numbers present an overly favourable picture of revenue performance because compensation…
The Central Board of Indirect Taxes and Customs (CBIC) has dismissed former finance secretary Subhash Chandra Garg's claim that GST growth figures have been inflated by omitting compensation cess from the calculations. CBIC stated that the cess is no longer being collected and cannot be used to compare post-cess GST revenue with previous years.
Garg, who has been criticized for questioning the government's GDP growth estimates, argued that including the compensation cess would lower the growth rates. However, the CBIC maintains that apples cannot be compared to oranges and that doing so would distort the measure of GST performance.
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- Subhash Chandra Garg cherry-picking figures from two different bases: CBIC economictimes.indiatimes.com
