Parliament live: Rates of taxation will be decided by GST Council, says Jaitley

515222-gst-rajya-sabha-e1470655692175.jpg

The Lok Sabha on Monday took up for discussion the amendments to the Goods and Services Tax Bill, with finance minister Arun Jaitley saying that there was a wide consensus on the legislation.

“There has been a wide consensus. A large number of political parties have come forward in its support,” Jaitley said.

The Rajya Sabha had last week unanimously passed the Constitution amendment bill to pave the way for the introduction of a pan-India Goods and Services Tax regime.

Here are the live updates:

2.22 pm: “Centre has addressed concerns of all states on GST… Rates of taxation will be decided by GST Council,” FM Arun Jaitley says in Lok Sabha while moving the Constitution Amendment Bill.

2.21 pm: “This House (LS) has been taken for a junior party. Rajya Sabha is given more importance. Although we don’t have grudges,” adds Moily.

2:15 pm: If there was political consensus, this law would’ve come long long back. But Cong is now here extending full support for GST, says Congress MP Veerappa Moily.

2.14 pm: “If one pays tax at one stage, they wont have to give another tax on that tax component. So tax on tax will be eradicated… Future road map is that this is an enabling amendment, three more laws have to be created. Two of those have to come before Parliament,” Arun Jaitley says on the GST in the Lok Sabha.

1.08 pm: “Govt at a fairly advanced stage in discussions with Andhra CM on special status; Will shortly arrive at a solution,” FM Arun Jaitley says in Lok Sabha.

1.02 pm: Rajya Sabha adjourned till 2 pm.

 12.45 pm: Congress walk out of Lok Sabha in protest against atrocities against Dalits.

12 noon: Home minister Rajnath Singh makes a statement in Lok Sabha on the Kokrajhar attack.

11.38am: “It is necessary to have a discussion for an urgent developing issue, the question of building Ram Temple in Ayodhya,” BJP leader Subramanian Swamy says in the Rajya Sabha.

11.31am: “PM is looking for fake ‘gau rakshaks’, I am telling him where real cow slaughterers are… Why doesnt PM take action against Rajasthan Govt?” Congress MLA Pramod Tiwari says in Rajya Sabha.

11.18am: “An all party delegation needs to be sent to J&K, PM needs to respond on the atrocities civilians are facing,” CPI(M) general secretary Sitaram Yechury says in Rajya Sabha.

10.17am: Congress gives notice in Rajya Sabha over unrest in Jammu and Kashmir.

The monsoon session has thus far witnessed stormy scenes with the opposition leading vocal protests against violence in Kashmir, attacks on Dalits and handling of floods in several states. There was also controversy over AAP MP Bhagwant Mann live-streaming one of his visits to Parliament and posting the video on Facebook on July 21. The Speaker has asked Mann to stay away from the House till a probe in the matter is completed.

About 25 bills are expected to come up for consideration and passage during the session. The Transgender Persons Protection bill and Citizenship Amendment bill are among those expected to be brought up in the Lok Sabha this week.

Source: http://www.hindustantimes.com/india-news/parliament-live-monsoon-session-enters-its-fourth-week/story-D3mLvIrw0AVJm2ynezHizM.html

Leave a Reply

Your email address will not be published.

Solve this and then Post Comment *

scroll to top