Latest Online Hindi News

Find all the latest, current & trending news related to business, sports, politics & many more only on Nayaindia ePaper. Read for the Breaking News!

Government may finally score the GST Bill goal this Monsoon Session

Leave a comment

GST bill has been languishing in the doldrums of Parliament for so long that it has started to delay the development goals of the country set by the ruling government. In a bid to cheer up its own MLAs and cajole opposition, the government has tried to reach the leader of the Opposition, especially the Congress. In order to pas GST Bill, the government is seeking support from Congress as it is putting up a brute resistance against the move.

Monsoon session 2016: The Bang-Bang season

The I&B Minister, M Venkaih Naidu reached out to the Leader of Opposition in Rajya Sabha, Ghulam Nabi Azad in order to get the much needed support from the Congress to get GST Bill passed. The crucial bill will be put to test on the floor once the Monsoon session begins on July 18.

The government will also talk out the issues raking in the Parliament for more than a year. The meeting will also include veteran Parliamentarians from across the country, whether they are currently serving as an MLA or not. The GST bill has been the bone of contention in the Parliament, and has been waiting for a rather long time. The Opposition has made its intention clear about why GST won’t see the light of the day.

The capping for the uniform taxation system is currently proposed at 18%, as mentioned as part of the Constitutional Amendment bill. Unfortunately, the house is divided but the recent move to take Opposition in its side might just work in the favour of nation building steps taken by the government.

Why GST is opposed?

The Opposition has raised following concerns before passing GST Bill in the monsoon session.

  • Capping of GST rate
  • Opposition to 1% surcharge on GST
  • No clarity on dispute resolution mechanism with GST

The lesser known conflict related to the dispute resolution mechanism is a major loophole and the Congress mentioned it as a divergence from the constitutional directives that gives the citizen to raise questions on any form of taxation or state machinery in revenue collection.

So far, as per Hindi News Online the government has not accepted any of the proposed changes made by the opposition. The government has not even proposed an alternative bill amendment copy. The lack of legal ring around GST is a major obstacle that could still keep the new law from turning into a reality.

GST: What it means for the common man

Ranked as the biggest indirect tax to be introduced since 1947, the passing of GST could unify the economic policies of India. If the government succeeds in bring GST out of parliament through constitutional means, the GST could well be functional from April 1, 2017. Unfortunately, the ruling party does not enjoy the majority in Rajya Sabha, where the bill amendment is currently stuck!

Live Hindi News states, one centralised tax will replace all the indirect taxes that make taxation and revenue collection machineries so very complex. As of now, all states except Tamil Nadu have backed the introduction of GST Bill.


Author: nayaindianewspaper delivers latest news in Hindi that makes most sense and insight of happenings across India. Visit us for breaking News in Hindi online.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s