1. Look forward to GST delivering benefits; one nation one tax to be reality soon: Sachin Tendulkar

Look forward to GST delivering benefits; one nation one tax to be reality soon: Sachin Tendulkar

Coming out in support of the GST Bill, former star cricketer and currently Rajya Sabha MP Sachin Tendulkar has said that he is looking forward to the benefits Goods and Services Tax.

By: | Published: August 3, 2016 10:47 AM
GST Bill, GST bill today, gst bill today news, gst bill in rajya sabha, gst bill in rajya sabha today Sachin Tendulkar tweeted ahead of the Bill’s tabling in the Upper House of the Parliament today. (Reuters Photo)

Coming out in support of the GST Bill, former star cricketer and currently Rajya Sabha MP Sachin Tendulkar has said that he is looking forward to the benefits Goods and Services Tax. “One nation one tax, making #GST a reality is just a matter of time! Look forward to #GST delivering the benefits,” Tendulkar tweeted ahead of the Bill’s tabling in the Upper House of the Parliament today. PM Narendra Modi-led NDA government has been leaving no stone unturned to get all parties and states on board for the passage of the crucial indirect reform’s Bill.

The bill, which has already cleared Lok Sabha, is likely to be sent back to the lower house after it gets passed in the Rajya Sabha. This is due to some amendments that the government has agreed to make in the GST Bill to get support of political parties, especially Congress. Finance minister Arun Jaitley, at a meeting with his state counterparts last week, promised to keep the incidence of tax low while safeguarding the revenue of the states. With the government also assuring support to states in terms of compensation for resulting revenue loss, the GST Bill expected to see a smooth passage today.

Also track: LIVE: GST Bill set to get a nod in Rajya Sabha today

For the Bill to sail through the RS, two-thirds of its members (among not less than 50% present) should vote in its favour. While the ruling National Democratic Alliance has 72 members, several major non-NDA parties like SP, NCP, Trinamool, JD(U), CPI(M), etc, are inclined to support the Bill along with many independents. As the Congress with 60 members in the 244-member Upper House is set to support the Bill, its passage now looks almost certain.

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