Hope prevails? Govt to list GST Bill on RS agenda today

He didn’t forget to mention the stalemate that continues in the parliament and appealed to all the parties for supporting the GST bill so that it can be passed in order to subsume taxes and rationalize the tax system.

The much-awaited bill on Goods and Services Tax (GST) will be brought for passage in the Rajya Sabha by the Government today.

The passage of the Constitution Amendment Bill will ensure GST implementation by April 2016.

Terming retail traders as the backbone of country’s economy, Singh said the government would not allow their interests to be affected by globalisation.

“The Rajya Sabha can’t be conducted in this manner”.

Later, at a meeting with the Speaker, Yadav said he was in the favour of the House functioning. Minister of State for Parliamentary Affairs Rajiv Pratap Rudy assailed Congress for opposing the Bill, which he said was its own brain child. The current monsoon session of Parliament ends on August 13.

This one-per cent additional levy, however, is rendered unnecessary after the Cabinet’s approval last month of the Rajya Sabha Select Committee’s recommendation requiring the Centre to commit itself to compensating all losses to the States owing to the transition to the GST for five years, said a source.

Jaitley made this acerbic statement when an unrelenting opposition refused to allow proceedings to begin in both Houses on Monday morning, leading to adjournments till 12 noon.

There was a heated exchange of words between BJP and Congress, which opposed any changes in the retrospective clause of the Bill dealing with compensation of land acquired under the 1894 Act, which was replaced by the 2013 law passed by the UPA government.

He said the panel was fully prepared to submit its report on Tuesday, but MPs wanted more time to read the note. The Congress Party could pin her down during the course of a televised debate and try and explain its own decision to stall Parliament for almost three weeks without achieving anything worthwhile.

Sources said the JPC report has also been deferred as the BJP does not want it to be used as a political tool against the party in the upcoming Bihar Assembly elections.