Rebirth for GST bill as govt accepts Cong terms for its passage

Parliamentary affairs minister Venkaiah Naidu meets Cong chief Sonia Gandhi to discuss the legislation

GN Staff | January 7, 2016


#gst bill   #goods and servics tax   #venkaiah naidu   #sonia gandhi   #congress  

The all important GST bill (goods and services tax bill) may get passed soon with the government agreeing to the conditions set by the Congress party to support the landmark tax reforms legislation.

Parliamentary affairs minister Venkaiah Naidu today met Congress president Sonia Gandhi and sought cooperation for the early passage of the crucial GST bill and the Real Estate bill. Naidu conveyed that the government was ready for an early budget session if the parties agree.

Naidu drove down to the residence of Sonia Gandhi at 10, Janpath here early today and held discussions with her for about 20 minutes during which the Congress president is learnt to have asked him about the government's view on the three main suggestions given by the Congress on GST.

“Sonia said they (Congress) will discuss among themselves and take a final decision,” Naidu said. The Congress press team was not immediately available for comment.

The Congress party, the original author of the tax reform, has opposed what it calls the “flawed” version now before Parliament, where it has been able to block a key constitutional enabling amendment in the upper house. It wants the government to cap the GST rate at less than 20%, scrap a proposed state levy and create an independent mechanism to resolve disputes on revenue sharing between states.

Regarding the Real Estate bill, Naidu told Gandhi that as decided by Congress and other parties, the Bill was referred to a select committee of Rajya Sabha and the government had accepted almost all recommendations of the committee.
 

Comments

 

Other News

Spotting and nurturing young talent, helping them bloom

Things don’t turn up in this world, as former US president James A. Garfield once said, until someone turns them up. This is all the more so, when one considers the hidden gems that are waiting to be discovered. The world is full of talented young people who need just a nudge to provide that spark th

Khadi sets new record for single-day sale at Delhi shop

On Gandhi Jayanti this year, the Khadi India outlet in Connaught Place in the capital once again set a new record of khadi sales in a single day. In a single day, the Khadi India showroom at Connaught Place marked sale of Rs. 1.34 crore and broke its own previous record of Rs. 1.01 crore se

Mumbai Metro: Delay on Tracks

In Mumbai, the ninth most populous and congested city on the planet, high rentals compel citizens to spend five hours on an average travelling to work every day. Mumbai’s Metro Rail System extending towards Mumbai Metropolitan Region (MMR) will not only provide East-West connectivity

Sustainable tourism is responsible tourism

Tourism is a huge part of global culture nowadays and is also one of the biggest sources of revenue across the world. According to the World Travel and Tourism Council (WTTC), in 2019, the tourism industry contributed $8.9 trillion or 10.3% to the global GDP. The industry witnessed a massive lull in 2020 d

Fernandes: A Life as Legacy

The Life and Times of George Fernandes By Rahul Ramagundam Penguin/New India Foundation, 624 pages, Rs 799 Amer

India set to enter 5G era

After years of intense preparation, India is about to take the next step in information and communication technology. Prime Minister Narendra Modi will launch 5G services in India on October 1 and also inaugurate the 6th Edition of India Mobile Congress 2022 to be held till October 4, at Pragati Maidan, Ne

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter