Committed to implementing GST Bill in 2016, says Jayant Sinha

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Brushing aside concerns on the future of the GST Bill, Jayant Sinha, Minister of State for Finance, tells MG Arun that the government is confident of arriving at a consensus with other political parties to get the Bill passed in the winter session of the Parliament.

Brushing aside concerns on the future of the GST Bill, Jayant Sinha, Minister of State for Finance, tells MG Arun that the government is confident of arriving at a consensus with other political parties to get the Bill passed in the winter session of the Parliament.

On the government’s efforts to work with the Opposition to get them to support the GST Bill in Parliament:

Jayant Sinha: Our government has successfully completed the daunting task of getting various states and political parties on board to pass the GST. The Hon’ble Finance Minister and Hon’ble Parliamentary Affairs Minister have been working with political parties throughout the spectrum to garner their support. As a result of this, we could pass the bill in the Lok Sabha with a two-thirds majority. I would like to remind your readers, that since the GST fundamentally changes the taxing power of the Central and State governments, it requires a Constitutional Amendment, which requires 2/3 majority in both houses of the Parliament, and then goes to the states.

On consensus building among political parties and various states:

Jayant Sinha: In order to achieve consensus among various political parties and states, our Government has been flexible and inculcated their opinions in the Bill. The amended GST bill is a result of several months of discourse with various stakeholders, which demonstrates our commitment to boost our economy in an inclusive fashion. Although we intended to pass the Bill in the Budget Session, we agreed to the demand made by the Congress of sending it to the Select Committee, after they assured us to support it in the Monsoon Session.
On how confident the government is about getting the GST Bill passed in the Rajya Sabha:

Jayant Sinha: I am sure that all political parties realise that GST is in our national interest. If one assumes that the parties who supported the bill in the Lok Sabha will support it in the Rajya Sabha too, then we can say with some conviction that the bill will get the required 2/3 majority in the Upper House too. All we now need, is for the Opposition to let the house function, so that the bill can be discussed and debated, in the greater interest of our economy and democracy.
On implementing the GST once the Bill is passed:

Jayant Sinha: Officers of the Revenue Department are prepared to implement the GST as soon as the bill is passed. While we work with the Parliament and states, we are working very hard to ensure that the entire implementation framework of the Bill is ready. I am an optimist for India, which is why I believe that good sense will prevail among all political parties, and the GST Bill will be passed by the Upper House in the Winter Session. We are committed to implementing the bill in 2016.

Source:http://indiatoday.intoday.in/story/nda-govt-committed-to-implementing-the-gst-bill-in-2016-says-jayant-sinha/1/526656.html

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