28% GST rate added the Excise, VAT & CST: Ex-FM Chidambaram
Former Finance Minister P Chidambaram has said the 28% tax slab under the GST has only added the Excise, Value Added Tax (VAT), and Central Sales Tax (CST). He said, "The faulty implementation of GST destroyed thousands of SMEs and millions of jobs." Chidambaram added the 28% rate (and the cesses) was only one aspect of faulty implementation of GST. 