PM Narendra Modi-led NDA government may well be able to get the crucial GST (Goods and Services Tax) Bill passed in the Monsoon session of the Parliament. Reports suggest that the GST Bill has been listed for discussion next week in Rajya Sabha. If numbers stacking up in favour of the GST Bill prove to be correct then the GST Bill may get over 55 per cent support in the Rajya Sabha. According to an Indian Express report, except for AIADMK (Jayalalithaa’s party) and BSP (Mayawati’s party), most regional parties are supporting the bill. The report said that 82 members from regional parties support the GST Bill.
The parties on Modi government’s side with regards to the GST Bill include Trinamool Congress, NCP, SAD, SP, JD(U), TDP, TRS, Shiv Sena, BJD and RJD. Congress on its part has said that it is open to discussion on issues that it has raised on the GST Bill. P Chidambaram has said that Congress today is not opposed to the Goods and Services Tax, it only wants that the tax rate should not to be changed at whim of executive order. The Bill pending before Parliament, he said, was a “flawed one” and the Congress party had suggested three major changes including an 18 per cent rate of GST in the Constitution bill.
The passage of GST Bill is important for the fact that it will help boost India’s GDP growth substantially. The indirect tax reform has been stuck in the Rajya Sabha for quite some time and everyone is hopeful that the government will be able to bag enough support to ensure that the Bill is passed.