Wednesday, October 28, 2020
Home Uncategorized Winter Session: Govt seeks support from Opposition on GST

Winter Session: Govt seeks support from Opposition on GST

New Delhi: Goods and Services Tax (GST) bill, hung in the last parliamentary session is expected to be revived in the upcoming winter session. Union Finance Minister Arun Jaitley expressed the BJP-led NDA government’s enthusiasm to debate with the Congress-led UPA Opposition on the prospects of bringing amendments to the bill.

Although, Jaitley mentioned that the some of the suggestions made by Congress are not the larger interest of the bill.

However, the Opposition is actually helping the NDA government by its fractured stance on the bill. Congress doesn’t have a clear position on the bill as they are not ethically against the principles of the GST. 

Several of the Congress allies are not against the bill such as the IUML and the Kerala Congress. The Kerala Congress (M) said they were not adversarial to the GST.

It should be noted that the committee of state finance ministers is currently chaired by K M Mani of the Kerala Congress (M).

However, the government strongly wants to implement GST by April next year. Although it can get delayed if the bill is not passed in the Winter Session.

The government, in the meantime, is trying to tweak the demands put forth by the opposition parties. If all the demands proposed by the Congress party are accepted that would lead to doing away with more than a dozen state-owned levies.

This tax reform is one of the most ambitious adaptation to create a single market since India’s Independence.

The GST was proposed in 2006-07 by the UPA government and the then administration had also accepted the changes recommended by the Empowered Committee and the Standing Committee on Constitutional amendment, piloted by the ruling party.

The government is now trying to appeal to parties like AIADMK, Samajwadi Party and Janata Dal (United) to help reduce government’s isolation.

Emphasising on the cooperative intentions of the government, Arun Jaitley was quoted as saying in an interview with a newspaper, “We are reaching out to them, we are willing to discuss with them because some of these suggestions may not necessarily be in the larger interest of the GST structure.” 




Most Popular

Women Experience Depression Even After 3 Years of Giving Birth

Researchers have found that approximately one in four women experienced high levels of depressive symptoms at some point in the three years after giving...

Lack of Monitoring Stations to Quantify Air Pollution in India

With Delhi facing another tryst with air pollution, several environmental experts believe that the problem goes beyond the national capital and that the country...

Nutritious Snacks for the Virtual School Breaks

The pandemic has forced children to go back to school with virtual learning having swapped classroom teaching. Although school in 2020 may look way...

Books that Address Children’s Mental Health

In these unprecedented times, when isolation fatigue, gloom, and the fear of losing a beloved has also come to grip children, taking care of...

Air Pollution Linked to 15% of COVID Deaths Worldwide

In a major global study, researchers have revealed that long-term exposure to air pollution may be linked to 15 percent of COVID-19 deaths worldwide. According...

Ketogenic Diet could Prevent or Reverse Heart Failure

Heart problems? A special diet might help as researchers have found that the popular and controversial ketogenic diet could completely prevent, or even reverse...

Technology to Produce Psychoactive Drugs by IIT Guwahati

Indian Institute of Technology Guwahati (IIT-G) on Tuesday said its researchers have developed a low-cost membrane technology to produce psychoactive drugs and anti-aging compounds...

Fashion Hubs Burgeon into Fresh Farm Outlets

In recent days, people passing by some of the biggest fashion hubs in Mumbai rub their eyes in disbelief at what they behold. Instead of...

Recent Comments