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The winter session of Parliament has ended on December, 2015 and disappointed us over the Goods and Services Tax (GST). The government has failed to break deadlock on the Constitution Amendment Bill in this session. The bill has been delayed further. FM Jaitley’s deputy, Mr. Jayant Sinha said that the government would have liked to roll-out the GST and also wanted it to be simple.
The former RBI Governor Mr. C Rangarajan told that the proposed 1 % extra tax on the sales of inter-state is contrary to roll-out the GST in the Parliament. He believes that this additional tax should be removed and not be implemented to the bill.
A Meeting of all-party was held in the Rajya Sabha on Friday. The Chairman of Upper House, Mr. Hamid Ansari pushed to end the warfare between the government and opposition, therefore this meeting was held and a deal was made to pass the six bills from Monday. Unfortunately, the meeting broke down regarding the GST bill passage.
Indian Finance Minister Mr. Arun Jaitely believes that if the GST will be rolled out soon then our nation can have 9% growth. As per the sources, Jaitley has made a new bid to pass the GST by ending the deadlock on bill.
Two weeks have elapsed of winter session of Parliament, but government has not found any solution of GST deadlock yet. Now, only eight days are left, therefore the Finance Mininster, Arun Jaitley has expressed a worry regarding the GST bill. The Tea Meeting of PM Modi with senior leaders of Congress has also failed.
There is little hope of the Goods and Service Tax bill to be getting passed in this session, as the time befalls out in the ongoing winter session of Parliament. The next discussion on the same topic will be happened today. On Sunday evening, the Congress party met to discuss about the parliament strategy. The Congress appears dour about the disrupting business in Rajya Sabha on the some issue.
A much awaited tax reform agenda, Goods and Services Tax (GST) will be roll-out soon as the many political parties, politician and other high profile people are backing the Bill. In addition, other politicians also believe that this new taxation system will be good for the Indian economy.
The India’s biggest reform agenda, GST Bill is facing a lot of political challenges. Nowadays, a very much updates and news on GST are being seen in headlines of the newspaper. Today Minister of State for Finance, Mr Jayant Sinha told in the meeting that it seems to be challenging to implement the Goods and Services Tax on its deadline – April 1, 2016.
The biggest tax reform of our nation, Goods and Services Tax (GST) Bill has got the support of chairperson of Mahindra Group, Mr. Anand Mahindra. Backing the bill, Mr. Mahindra said today that if the GST will not be implemented in the Parliament then it will badly affect the country and also prevent to become a common market. He also told that the GST is a Brahmastra of India.