GST Bill tops agenda for Winter Session

The government is reaching out to the Opposition to bring it on board to ensure passage of the Constitution Amendment Bill for Goods and Services Tax Amendment Bill in the Winter Session, Parliamentary Affairs Minister Venkaiah Naidu today said.

“And when tariff rate needs to be described within the Structure itself, (subsequently it) is just a problematic structure…” he explained, incorporating this wasn’t therein Chidambaram’s Bill in addition to Pranab Mukherjee’s since the GST with problematic structure can in fact harm the machine a lot more than it will help.

The federal government has named an all-party assembly on Thursday at 11.

“We hope the winter session will be a constructive, progressive and fulfilling one”. Congress is also stressing on restoring the dispute settlement provision in the bill, which it said, existed in the earlier bill introduced by UPA.

But the government’s success in taking its reforms agenda forward will hinge on how many concessions it is willing to make to the Congress that has drawn several red lines through the present draft Bill. Congress president Sonia Gandhi is expected to call a meeting next week to work out the party strategy for the upcoming session for which party leaders say that there is no dearth of issues on which the government can be cornered.

The government is in full mood to implement GST by April 2016, but the deadline may be missed if Parliament does not pass the bill in the Winter Session.

The Arvind Subramanian-led panel on recommending revenue-neutral rates for the proposed Goods and Service Tax (GST) would submit its report in the first week of December, senior policymakers said on Monday. However, the government feels backtracking on one per cent tax would jeopardize the GST consensus it has hammered with the manufacturing states.

The celebration stated on discussing the GST, the federal government hadn’t reached out for their commanders officially.

“The government is also ready to take innovative suggestions from the opposition in accordance with the GST, Land acquisition, Real Estate bills, etc. We all want that there should be peace and prosperity in the entire nation and the government is committed for that”, he said.