India's main opposition Congress party will simplify the goods and services tax (GST) and take "rational economic decisions" to attract foreign investment if voted back to power in a general election due by May, its leader Rahul Gandhi said on Saturday.

Launched in 2017, the GST was initially hailed as Prime Minister Narendra Modi's biggest economic reform as it replaced more than a dozen federal and state levies and unified Asia's third largest economy.

But its chaotic implementation and complexities — months after a shock ban by Modi on high value bank currency aimed at unearthing untaxed wealth — badly hurt small businesses and led to millions of job losses in the cash-driven economy, presenting the biggest challenge to Modi's re-election chances.