Paves way for govt to take up the Constitution amendment Bill in the Rajya Sabha next week
Seal on scrapping 1% tax on inter-state goods supply, 5-year full compensation to states; Bill likely to be tabled in Rajya Sabha next week
Whiff of consensus on scrapping 1% tax on inter-state goods movement
Bill has been already passed in the Lok Sabha but is pending in the Rajya Sabha where the NDA government lacks a majority
Junior ministers, however, indicated that the government - both on the compensatory afforestation Bill as well as GST Bill - might galvanise the regional parties in its favour and isolate the Congress
With reference to the editorial, "The next challenge" (July 21), it seems the Congress is getting isolated in its opposition to the Goods and Services Tax (GST) Bill, as even the Janata Dal-United (JD-U) and the Trinamool Congress (TMC) have been won over by the Bharatiya Janata Party (BJP)-led government at the Centre.The JD-U and the TMC have realised that it is in their interest to support the GST Bill as it is expected to bring unprecedented benefits to both Bihar and West Bengal. This is the time for the BJP and other parties to discuss the Bill in detail, as the editorial rightly suggests. This way glitches would be avoided and benefits would be equal for all states when the Bill becomes a law.If implemented in earnest, GST has the potential to transform the economic landscape of the country. The dream of a single market can be realised in the next financial year only if there is a robust technological platform in place. For this, the government will have to start work on a war f
Scindia said Congress has been demanding that overall GST rate be capped at 18% and additional 1% tax for compensating manufacturing states be scrapped
Current monsoon session of Parliament began on July 18 and ends on August 12
FM also said the states would get Rs 1,88,000 crore more funds during the last year ever since the 14th Finance Commission was implemented
Main opposition party accused the ruling Bharatiya Janata Party of stalling the proposed law for four to five years
Jairam Ramesh also pointed out that the bill would not usher in "full GST"
Monsoon session of Parliament begins on July 18, where the government intends to pass the bill
GST Bill is being held up in the Rajya Sabha because of stiff opposition by the Congress
Congress' Deputy Leader in the Rajya Sabha Anand Sharma is reported to have said that his party is open to discussions on the Bill
On Congress' opposition to GST, he said he and his team will work to fulfill the responsibilities given to them by Modi
Santosh Gangwar and Arjun Meghwal say their efforts will be aimed at accelerating economic growth
Gangwar was yesterday shifted from the Textile Ministry to the Finance Ministry, along with Arjun Ram Meghwal
Narendra Modi says the changing party arithmetic in the Parliament has given hope for enacting the law
States will draft their own State GST based on the draft model law with minor variations
Draft laws state that a uniform tax shall apply to all intra-State supplies of goods and services at the rates to be specified later