Prime Minister Narendra Modi while addressing the Lok Sabha on Monday said that the implementation of the Goods and Services Tax (GST) Bill would rid India of 'tax terrorism'.
Prime Minister Narendra Modi while addressing the Lok Sabha on Monday said that the implementation of the Goods and Services Tax (GST) Bill would rid India of ‘tax terrorism’. BJP had accused the earlier UPA government of bringing in ‘tax terrorism’ which caused anxiety among people. It had called for a ‘non-adversarial’, ‘conducive’ and simplified tax environment. “It is true that consumer States will benefit more from GST but Centre will compensate manufacturing States in case of losses,” Narendra Modi said in the Lok Sabha on Monday.
While talking about what the the debates regarding the Bill have yeilded, Prime Minister Modi said in the Lok Sabha that the drawbacks have been eliminated and flaws rectified. Modi said that the legislation’s passage will send the message that ‘consumer is the king’. He said that most of the things that can impact consumer inflation have been kept out of the ambit of GST. The lower house took up the amendments for GST on August 8. Earlier in May 6, 2015 the Bill was passed by the house. Rajya Sabha unanimously passed the Goods and Services Tax Bill along with amendments to bring cater to the concerns of opposition parties, on the August 3, 2016. After two days break, Parliament met on Monday.
A minimum of 16 states need to approve the Bill within 30 days of passage from the Lok Sabha, for the law to be implemented, and state chief ministers have reportedly extended their support.