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All seems to be cleared for GST Bill

By   /  July 29, 2016  /  Comments Off on All seems to be cleared for GST Bill

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On Thursday itself Finance Minister Arun Jaitley and Chief Economic Adviser Arvind Subramanyam held several meetings with leaders of Congress, Samajwadi party, JD (U) and CPI (M). Arun Jaitley met senior congress leader and former Finance Minister Chidambaram and Deputy leader of opposition in Rajya Sabha Anand Sharma. The purpose for to see that GST bill which will be presented next week will pass without much opposition.

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The government did not seem to leave anything to chance to jeopardize GST bill. Infact as was seen in the case Private Bill on Special Status, it does not seem to be too difficult for the government in power to invalidate a bill or use every trick and ruse in the book to ensure a bill is passed without much opposition.

According to Anand Sharma it is almost a done deal, and there is every chance that the bill that will allow the amendment to roll out Goods and Services Tax will be passed in the upper house. The Bill was approved by the Lok Sabha in May 2015 but got stuck in the Rajya Sabha, where the ruling BJP does not have a majority.

Despite creating much ruckus over demand including in the Constitution a cap of 18% on the GST rate, Congress seems to have given up on the demand after the deliberations. Another demand by the Congress was for an independent dispute resolution mechanism headed by a High Court judge, and not the GST Council proposed by the centre. The government is said to have agreed the concerns for independent mechanism and gave commitment of strengthening the Bill’s provision on the council.

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