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GST Bill: Why Arun Jaitley finds it difficult to accept Congress demand

Mon August 01 2016, 2:50 pm
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    GST Bill: Finance Minister Arun Jaitley has said it is difficult to accept demand of the Congress to cap GST rate in the pending Constitution Amendment Bill, but remained hopeful that it will get passed in the second half of the current Budget session. The GST Bill has already been passed by the Lok Sabha and is pending ratification by the Upper House, where the ruling NDA does not have a majority. After it is approved by the Rajya Sabha, the legislation needs to be approved by half of the 29 states so as to roll out GST possibly by October 1. The constitutional amendment to GST, India's biggest indirect tax reform since Independence, seeks to replace a slew of central and state levies, transforming the nation of 1.3 billion people into a customs union. (PTI)

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    "Today, every state government, including all Congress ones, is in favour of goods and services tax (GST). You have every political party in Parliament which has said they will vote in favour," he said at the India Today Conclave here. "In the Lok Sabha, the Congress walked out, every other party voted in favour. The Congress party now made a statement that it has only one issue about the Constitutional cap which is a little difficult because our tariff is not decided through Constitution amendment." (PTI)

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    Explaining the rationale, FM Arun Jaitley said, it is extremely difficult to accept because every time you need to increase tariff in a given emergency, you have to amend the Constitution. The tariff needs to be decided by the GST Council and not by a Constitutional cap, he explained. (PTI)

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    "I think that's the only glitch that remains. I would still want the Congress party to come on board. I can easily see and this is going to happen at this stage of biennial election. The numbers are significantly changing and in any case, I am reasonably confident that the numbers in the Upper House now also are in favour of GST," he said. (PTI)

  1. D
    Dinesh kumar maurya
    Apr 24, 2017 at 2:07 pm
    meta nam Dinesh kumar maurya h mai lucknow me job krta hu mujhe lucknow me ghar chahiye 8423470318
    Reply
    1. H
      How To
      Aug 16, 2016 at 9:48 am
      GST and Dual GST explained in simple terms
      Reply
      1. L
        L Srikanthan
        Mar 18, 2016 at 6:59 am
        sure congress wont allow in the present form
        Reply
        1. R
          rohan
          Mar 18, 2016 at 6:53 am
          because of the audacity of numbers in LS and nothing else !
          Reply

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