The GST laws have added to the burdens of business. The high and multiple rates of GST are per se bad. The rules, regulations, notifications, forms and compliances under the GST laws are worse. Together with the manner in which the laws are interpreted and applied by the Income-tax, Customs, DGFT and GST departments, it is a nightmare for any business. The CBI, ED, DRI, GST enforcement and SFIO seem to regard every businessperson as a suspect, every chartered accountant and lawyer as an accomplice

ON JUNE 19, 2025, the Ministry of Finance (MoF) convened a rare meeting of the Consultative Committee for the Ministry of Finance.

- P Chidambaram

I think it was the first meeting since the constitution of the 18th Lok Sabha in June 2024. The members are MPs of both Houses representing all parties nominated to the Committee. It is a useful mechanism if the government intends to use it. The finance minister (FM) presides over the meeting.