Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Revenue Secretary Hasmukh Adhia said on Thursday that the small businesses or traders with annual turnover of up to Rs 20-25 lakh will be exempted from Goods and Services Tax (GST), and the Centre and the states will agree on the same shortly.
More than 55% of the Rajya Sabha members supported the Government’s Goods and Services Tax legalization. Most of the Regional Parties like J Jayalalitha’s AIADMK and Mayawati’s BSP fully supported GST in parliament. Along with BJP’s 53 MPs, 55% of the strength of the total 243 MPs totally gave their support to the Bill account.
The Congress party on Friday insistently said it’s not us but the RSS that does not want the passage of the Goods and Services Tax (GST) bill in the parliament. As well as the party also mentioned to give their support to the key legislation, if ruling government agrees to their two “Principal demands”.
The Indian economist and currently chairperson of the Forum of Federations, Mr. Vijay Kelkar believes that the introduction of Goods and Services Tax (GST) will play an important role to push the economic growth of India rapidly.
According to the Election Commission, the Biennial elections will be held on March 21, 2016 for 13 Rajya Sabha seats in six states. Therefore, the ruling BJP hopes that we will achieve enough seats in the Rajya Sabha in upcoming election to roll-out the Goods and Services Tax (GST) Bill.
Introduced the Goods and Services Tax Bill in Dec 19, 2014, since, it is being rubbed between the politics’s quarreles. Now, the Road Transport Minister, Mr. Nitin Gadkari said that the main opposition party, Congress do not want to back the Constitution Amendment bill, they will be isolated. Our party is hopeful about the passage of the GST Bill.
The Goods and Services Tax has proven as trending point of the country. After over the winter session, political interference is being seen on the GST yet. Now the Indian FM Arun Jaitley told the reports that the bill will be rolled out on in next session as the opposition party is “shrinking” their majority votes in the Rajya Sabha of Parliament.
Chief Economic Advisor, Mr. Arvind Subramanian told the reports that oil products as Petrol and other petroleum products will keep out of the Goods and Services Tax perimeter for some time after its implement in the Parliament. The GST Bill is stuck in Rajya Sabha in the winter session and now the government is looking forward to pass the GST Bill in the Budget session of 2016.
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.
