Finance Minister Arun Jaitley will be meeting the state finance ministers on Tuesday and thereafter the Government will be listing the delayed GST bill in the Rajya Sabha for further discussion. Jaitley will discuss the proposed amendments regarding the GST legislations passed by the Lok sabha with the state finance ministers.
According to the official sources, the meeting may take up changes as demanded by the Congress in the constitutional amendment Bill, including one for scrapping of one per cent additional tax in hands of the states. The Goods and Services Tax+ (GST) Bill is said to be listed for discussion in the Rajya Sabha only after seeking the views of the states.
Read Also: How GST Bill Will Benefit Startups & Small Businesses in India?
Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi told the Rajya Sabha that the GST Bill will come up for discussion next week.
“(This is for) further consideration and passing of the Constitution 122nd Amendment Bill, 2014, as passed by the Lok Sabha and as reported by the Select Committee of the Rajya Sabha,” he said in the Upper House.
If the GST bill gets passed then it will be easy to replace all indirect taxes and also scrap the additional 1 percent tax meant to compensate the manufacturing states. It will also end the dispute between states over revenue issue and work as an independent mechanism.
