GST bill looks set for next session

arun-jaitley-759-e1450291474997.jpg

New Delhi: Finance Minister Arun Jaitley at Parliament during the Winter Session in New Delhi on Wednesday. PTI Photo by Kamal Kishore(PTI12_9_2015_000198A) *** Local Caption ***

The NDA government is mulling waiting till the budget session of parliament to secure passage for the Goods and Services Tax Bill, a highly placed source said today.

The NDA government is mulling waiting till the budget session of parliament to secure passage for the Goods and Services Tax Bill, a highly placed source said today.

The government is expecting improved numbers in the Rajya Sabha in April 2016 since a number of Congress members are retiring in March and April next year.

“Instead of getting the bill passed now with compromises, we can get it passed in April 2016,” the source said.

The Congress is adamant on at least three changes in the GST Bill to enable its passage in the Rajya Sabha.

“If not in April, the GST can be implemented in May, June or July… it will be a matter of delay of a few months only,” the source added.

According to government sources, all parties, except the Congress and AIADMK, are supporting the GST Bill at present.

The GST Bill needs to be passed by a two-thirds majority in both houses of parliament and by the legislatures of half of the states in the country to become law.

On December 14, contending that India has an opportunity to touch 9 per cent growth, Union Finance Minister Arun Jaitley made a bid to end the deadlock on GST Bill as he reached out to Congress, asking it to think about the “legacy” it would be leaving behind by opposing it. “Those who claim the legacy of Pandit ji must ask themselves the question, what kind of history are they making,” Jaitley had said in a Facebook post.

Source: http://indiatoday.intoday.in/story/gst-bill-looks-set-for-next-session/1/548826.html

Leave a Reply

Your email address will not be published.

Solve this and then Post Comment *

scroll to top