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

Modi flashes V sign

Prime minister Narendra Modi flashed the victory sign before entering parliament, as trends indicated that the Bharatiya Janata Party was all set to retain Gujarat and win in Himachal Pradesh. Modi showed the V sign to reporters on Monday, soon after leads showed that the BJP had crossed the

A newbie makes its presence felt

For a party that was formed barely a couple of years back, the Bharatiya Tribal Party seems to have done well for itself as it is headed for victory in at least two seats in Gujarat. The party came into existence in 2015, said election commission of India HYPERLINK http://eci.nic.in/eci_main

A nominal Left presence in Himachal

Himachal Pradesh was all about the bitter battle between the Congress and the BJP. Yet, in one assembly constituency, the Communist Party of India (Marxist) edged out both of them. The election commission of India website showed that a CPI (M) candidate was leading in at least one seat in th

Rahul Gandhi’s rise comes at the right moment

In future, the Gujarat elections might as well be remembered for the arrival of Rahul Gandhi.   Going by the leads, the Congress is certainly not going to win, and few had predicted anything like that. However, the party looks set to improve its performance. The Congress has for

When some opted for NOTA

Over one and a half lakh voters in Gujarat and nearly 10,000 voters in Himachal Pradesh pressed the NOTA button, expressing their wish that none of the candidates were suitable to be elected to the assembly. In Gujarat, 158934 voters opted for NOTA (None of the Above). They form 1.9 percent

Trends: BJP coasts past halfway mark in Gujarat

There was a time during the vote count when the BJP election managers may well have chewed through their nails as the Congress put up a spirited fight in Gujarat and Himachal Pradesh. But, soon the tide turned in their favour, with the initial trends showing the electorate pushing the BJP past the halfway



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter