Senior ministers give a GST push by meeting Cong leaders

Traders and industry bodies to hold a conference in support of the bill

GN Bureau | December 14, 2015



Looking to push through the crucial goods and services tax (GST) Bill in parliament, two senior ministers today held a meeting with Congress leaders to work a way out even as trade and industry bodies resolved to begin a campaign for its early passage.

Parliamentary affairs minister Venkaiah Naidu and finance minister Arun Jaitley held a meeting with Congress leaders Anand Sharma and Ghulam Nabi Azad to discuss the possible passage of the bill in Rajya Sabha. As a compromise formula, the Congress has been told that the government is willing to abolish the 1% additional tax and may look at including GST rate in a separate bill.

With just eight working days left in the winter session of Parliament, there is little hope of the goods and services tax bill getting passed as the Congress appears unrelenting about disrupting business in the Rajya Sabha on some issue or the other, but the government has not given up hope and is trying to hold informal parleys with the main opposition party.

Meanwhile, the Confederation of All India Traders (CAIT) and industry bodies such as Ficci, CII, Assocham and PHD Chamber have joined hands for the first time to launch in support of the GST bill by holding a GST conference on December 16 in New Delhi.

"The joint campaign is derived from the idea of reaching out to political parties and trade and industry to apprise them of the advantages and benefits of GST that could accrue if implemented early," a sjoint statement said.

CAIT secretary general Praveen Khandelwal said GST is "a ray of hope" to get rid of the complex taxation system since it will integrate various central and state-level taxes, which will pave the way for a simplified and rationalised tax structure.

The Constitutional Amendment Bill to roll out GST is stuck in the Rajya Sabha, where the ruling NDA is in a minority.

The government aims to roll out the proposed indirect tax regime from April 2016.

Comments

 

Other News

Is the government spending enough on dalits?

The Narendra Modi government has set aside Rs 52,393 crore in 2017-18 for the welfare of the dalits. On the face of it, the amount is substantial. However, an analysis of the past actual allocation shows that there has in fact been a dip in spending on schemes that are specifically meant only for dalits.

President’s post above politics: Kovind

“I will always try and it is also my belief that the president’s post should be above politics,” said NDA’s presidential candidate Ram Nath Kovind who filed the nomination papers on Friday.   “Since the time I became governor,  I am no longe

Unaffordable sacredness of our cattle

A lot of debate that we witness in the media on the cattle question these days suffer from the disease of speculative utopian imagination of a ‘cow-nation’ and relentless abuses for those beef-eating ‘others’.   Political debates over the question of o

“Gandhi and Tagore are the two Indian authors who redefine civilisation as a moral compass and a space of dialogue”

Ramin Jahanbegloo is a renowned philosopher who is now associated with the Jindal Global University. His latest work, The Decline of Civilization, calls for countering the ‘decivilising’ tendencies of our times by returning to Gandhi and Tagore. Jahanbegloo answered s

Should CBSE prepone the board exams?

Should CBSE prepone the board exams?

Cricket, not just a sport

In this nationalistic age, sports seem to play an important role, and in India, this can be seen during cricket matches. For most, a victory symbolises prestige and supremacy.   On Sunday, India lost to Pakistan in the final match of the ICC Champions Trophy. The defea



Video

अब पासपोर्ट हिंदी और अंग्रेजी दोनों भाषा में होगा

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter