India, Sept. 4 -- A day after Finance Minister Nirmala Sitharaman-headed GST Council approved a complete overhaul of the Goods and Services Tax (GST) regime, an unimpressed Congress termed it "GST 1.5", saying that time alone will tell whether it would stimulate private investment and ease burden on MSMEs. Stating that the Congress party had been demanding a simplified GST for almost a decade, its leaders said the "wait for a true GST 2.0 continues".

"For almost a decade, the Congress has been demanding simplification of GST and it is a good thing that although eight years late, the Narendra Modi Government has woken up from its 'Kumbhakarana' sleep on GST and has woken up and talked about Rate Rationalisation, Congress president Mallika...