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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”.
Prime Minister Narendra Modi has faced a couple of tough questions from a top official of the Saudi-India business council yesterday. PM has invited the Saudi businesses to come and make investments in the country’s defence, energy, railway, health, and agricultural sectors.
The time of winter session, a lot of clamor is going on in parliament regarding the important regime GST. The opposition parties have their own demand on GST and have created difficult situations for the BJP government to roll-out the Bill on its deadline. Between hubbub of parliament, the Indian government may take decision towards the much-awaited crucial reform-Goods and Service Tax. The government may scrap 1% inter-state tax as the main opposition party-Congress wants to remove this addition tax. If the government accepts this demand of opposition then the Bill will be passed on 1st April, 2016, otherwise it may be missed-out from its deadline.
BSP Chief Mayawati on Monday taken a side of NDA Government’s proposed legislation on the Goods and Services Tax (GST) and also slammed the BJP Government for Intolerance in the country. Mayawati continued speaking about the GST bill in Rajya Sabha, said, “If your government is fully confident that bringing the GST bill is in the interest of the nation, it will bring a change in the economy and give a boost to it, the BSP will definitely back it. Our party supports the bill in Parliament.”
Finance Minister of India, Mr. Arun Jaitley Said that he is ready to talk with Congress party’s any member in case of GST Bill that stuck due to Congress resistance. He expressed his willingness that he wants to talk with Vice-President of Indian National Congress, Mr. Rahul Gandhi in terms of the GST Bill that passed by Parliament for two decades.
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One Nation One Road Tax is a proposal from GST council to make one road tax across the country just like the Goods and services tax.
On Wednesday, Union Finance Minister Arun Jaitley said that the GST Council members will discuss to be included real estate sector under the newly implemented Goods and Services Tax (GST) Regime.
Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.
