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The Goods and Services Tax bill is stuck amidst the ongoing war between the government and the Congress. In words of Congress Vice President Rahul Gandhi “The Congress party will support the GST bill openly in the Rajya Sabha if the Government agrees to its conditions.” As per Rahul Gandhi, it will take only 15 minutes for Congress to stand in full support along with the BJP who is a minority in Rajya Sabha.
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The Indian Finance Minister Mr. Arun Jaitley said, the government will roll-out new taxation regime, GST by just making “certainly” double efforts in 2016 and he is in “continuous touch” with opposition party to coax them to cooperate.
Infosys Limited is an Indian multinational corporation, which earlier won a government contract of a landmark INR 1,380-crores to build GST network software that will be used for the proposed Goods and Services Tax in our nation. As per the sources, the IT major firm is developing GST software despite delay the bill.
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.
The ruling BJP is gearing up to take a next step towards the GST bill. In upcoming week, the government may meeting with Congress once again to discuss on the Constitution Amendment bill to roll out the GST in the Rajya Sabha Parliament (the bill already passed in Lok Sabha).
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.
