Updated at 5.49pm: Major political parties in Hong Kong on Tuesday welcomed the government?s decision to shelve its proposed goods and services tax (GST). Financial Secretary Henry Tang Ying-yen earlier on Tuesday announced the government had decided to shelve plans for the indirect tax due to a lack of public support. Commenting on the move, Frontier legislator Emily Lau Wai-hing said the GST was very unpopular with the public, and the government should not waste any more time on it. ?I don?t think we should be discussing one form of taxation. If they really want to see the whole thing more broadly, that?s fine. But they should not just zero in on the GST,? Ms Lau said. ?As we can see in the last few months, there is a lot of opposition from all sectors in the community,? she added. Tsang Yok-sing, executive councillor and former chairman of the Democratic Alliance for the Betterment and Progress of Hong Kong, described the shelving of the plan as ?a wise decision?. ?It is quite unlikely the introduction of the GST can win the backing of the community at present. So it is wise for the government to make this decision,? Mr Tsang said. Selina Chow Liang Shuk-yee, vice-chairwoman of pro-business Liberal Party, also welcomed the move. ?The public have had reservations about the GST,? she said. ?Instead of wasting time arguing, it would be better if we move on to discuss something that can lead to consensus.? Mrs Chow is also chairwoman of the Hong Kong Tourism Board, a governing body of tourism and retail trades which had been strongly opposing a GST. Democratic Party legislator Sin Chung-kai said the shelving of the proposal can ease tensions between the government and low income earners ? a group considered to be worst affected by a regressive tax such like the GST. The plan for a GST sparked opposition from major political parties soon after the government put it on public consultation in July. A motion calling for the scrapping of the proposal was passed in the Legislative Council in October. The motion was supported by 40 of the 60 legislators. Opponents were concerned the tax would raise the cost of living, fall more heavily on low-income earners and make Hong Kong more expensive for tourists.