Saturday, October 24, 2020
Home Uncategorized Naidu wants Congress's support in passing GST bill

Naidu wants Congress’s support in passing GST bill

New Delhi: Parliamentary Affairs Minister M. Venkaiah Naidu on Monday sought opposition parties’ help in passing the Goods and Service Tax (GST) Bill in the parliament’s winter session beginning from November 26.

As he urged the opposition parties not to go by political considerations on the GST Bill, the Congress said the government should address its “pro-consumer” concerns on the bill.

I appeal to political parties not to have political considerations and think in terms of national interest,

Naidu said the GST Bill was the need of the hour, as it had been pending for several years.

Naidu said he was discussing the issue with some opposition parties and their meaningful suggestions could also be taken into consideration.

The GST Bill intends to simplify the indirect tax regime in the country, broaden the tax base and result in better tax compliance due to a robust IT infrastructure.

The bill has been pending in the Rajya Sabha where the National Democratic Alliance government lacks a majority.

Congress leader R.P.N. Singh told reporters here that the government should address the party’s concerns which were in favor of consumers.

Singh said the bill was brought by the Congress-led United Progressive Alliance government but could not be passed, as it was held back due to the stance of the Bharatiya Janata Party.

He said the Congress’s demands include a cap on the GST rate at 18 percent, deletion of the provision which allows the imposition of one percent tax by additional levy, an independent dispute resolution mechanism and compensation to Panchayat and urban bodies for loss of revenue along with that to the states.

(Inputs from IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,778FollowersFollow

Most Popular

Consumption of Dietary Soy Decreases Risk of Dementia

Researchers have found that metabolite produced following consumption of dietary soy may decrease a key risk factor for dementia--with the help of the right...

Maintaining Social Etiquettes During the Festive Season

The festive season brings together people from all walks of life, this 'coming together' is what imparts cultural and linguistic integration amongst all communities;...

Anxiety Due to COVID Causing Body Image Issues

Researchers, including one of Indian-origin, have found that anxiety and stress directly linked to COVID-19 could be causing a number of body image issues...

Ashtottaram 21: OṀ GOPŪJĀBHŨMYAI NAMAH

Ashtottaram 21 21) OṀ GOPŪJĀBHŨMYAI NAMAH:                      OṀ (AUM) -GO-POO-JAA-BHOO-MYAI— NA-MA-HA                      ॐ गोपूजाभूम्यै नमः                      (Gopūja: 'Cow worship') There is an Indian proverb that says that the joys of the world...

Antiviral Remdesivir Receives FDA Approval for COVID Treatment

The US Food and Drug Administration has approved the antiviral drug Veklury (remdesivir) for use in adult and pediatric patients 12 years of age...

Excess Meat and Dairy Diet Leads to Cancer Risk

An international team of researchers has identified a direct molecular link between meat and dairy diets and the development of antibodies in the blood...

Aspirin May Lower the Death Risk of Severe COVID Patients

Researchers have claimed that hospitalized COVID-19 patients who were taking a daily low-dose aspirin to protect against cardiovascular disease had a significantly lower risk...

Misuse of Underground Water to be Punishable Offense

Wastage and misuse of potable water and groundwater will, henceforth, be a punishable offense in India. In an important step in groundwater preservation in the...

Recent Comments