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Government Lines UP GST Bill in Rajya Sabha for Wednesday

gst bill for wednesday

Finally, the snail paced GST Bill issue stood in line for consideration and passage in Rajya Sabha on Wednesday in the expectation that congress and all the big parties would give their shoulders to the deep impacting taxation scheme.

Parliamentary affairs minister Ananth Kumar also confirms this as he spoke out, “The GST Bill is listed for consideration and passage on Wednesday in Rajya Sabha and we seek support of all political parties. The mood is in favour of its passage,”

According to the trusted source, there was a discussion held on Monday with all the opposition parties including congress, Left parties, and Samajwadi Party to assemble them for this significant tax regime. Also, Finance Minister Arun Jaitley sat with the top leaders of congress Ghulam Nabi Azad and Anand Sharma to bring everything in line with this highly reformative topic.

Sources also stated that the government was bringing GST Bill on Tuesday itself but then Sonia Gandhi’s Roadshow in Varanasi pulled the leg of the tax regime as some of Party MP’s would be attending the show and this took the focus away of congress from this major tax issue.

There are major four amendments which government will impose in the Constitution Amendment Bill which include dropping off 1 percent additional tax provision and providing more freedom to the states for full compensation for a time scale of five years.

Congress demand for changing the content of the language for the discrete solution of dispute resolution mechanism in GST council was also agreed upon by the government.

Congress Leader PL Punia at AICC briefing said, “GST is very important for the economy, industry and the business as also for the consumer.”

Also, he said, “With that objection in mind, it was the Congress party which brought the idea of GST. We have raised certain issues and negotiations are still on. We are prepared to accept every reasonable solution which does not adversely affect the business, industry, and consumer.

Read Also: Fat Tax in India: All You Need to Know

“There has to be one more round of talks. Party feels the bill should be passed and our best wishes that this bill be passed.” he added.

Even the said Bill was passed by the Lok Sabha previous year itself, but the hurdle was to gather the required numbers of supporters for its further pushing in Rajya Sabha because of opposite winds from congress and other political players. And BJP alongside is convinced that the legislation would pass in coming three days, for which it has commanded its members to be present in the House.

“We are trying to bring on board everyone on the key legislation and are holding talks to all and clearing their doubts,” as said by an authorized government official. Now the bill can see its birth as soon as possible.

The government is also proposing the amendment in which the rate of tax would be fixed for a better purpose and ensuring that neither state nor consumer suffer the loss of revenue on their pockets.

Recommended: How GST Bill Will Benefit Startups & Small Businesses in India?

It was earlier planned to bring this tax scheme from April 1, but the opposition in the dominance of Rajya sabha skipped the defined timeline. At last, hopefully, the economy will be benefited by the imposition of this tax regime which is intended to bring all the 29 states into a single market.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

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