Saying that the tax rate of 24 per cent will cripple most of the people of our country, CPM leader Sitaram Yechury quoted the Constitution saying India is a Union of States and the rights of the states are fundamental to the Constitution. He even said that Kerala ‘fat tax’ has to be abolished under GST regime. The CPI(M) leader also quoted Dr Babasaheb Ambedkar who spoke about taxation issues and the impact that it would have on provinces. “Are we going to reduce the states to come to Centre with begging bowls to ask for money? “We are a council of states here. We need to protect the right of state government. If there’s no clarification on how Centre and states share the revenue, then the bill has a serious lacuna,” Yechury said.
On the issue of dispute redressal, Yechury said greater thought must be given to it and it must be spelt out more concretely when it comes out for discussion. He also said that the GST bill is one of major importance and it should come back for consultation and deliberation. The bills should be brought back as finance bill and not as a money bill. Yechury also said it was good that we’ve got rid of colonial hangover. Westminster has three colours – green, red and royal blue. We got rid of royal blue, which is reserved for the Queen of England, by becoming a republic. We still have green and red, and when something is of concern to our people, we will raise the red flag. The interest of the people are supreme.”