Don’t push for changes in GST Bill, government tells panel

The GST Panel met last Friday to review the Constitutional Amendment Bill. As of now, the Congress Party stands isolated on the 1 percent additional tax to be done away with.

The Central government is trying to convince members of the Rajya Sabha select committee to not push for changes in the Goods and Services Tax (GST) Bill, ahead of the Monsoon session. The GST Panel met last Friday to review the Constitutional Amendment Bill. As of now, the Congress Party stands isolated on the 1 percent additional tax to be done away with. However, it has found some support from the regional parties on some issues like the change in the composition of council to give states more power on levying taxes. Ahead of the GST panel meet on July 17, the government is hoping to convince the other party members that a change in the council’s composition will not be a wise move because fiscal policy should be the prerogative of the Central government. The Congress party is trying to dilute the Centre’s representation from one-third to one-fourth in the GST Council

Source: Money control

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