GST : Government may ‘compromise’ with Congress for passage of GST Bill

The Parliamentary panel on GST is likely to submit a report on July 17 with a dissent note. According to sources, Congress members of the GST Parliamentary panel will submit dissent note against the report.

Sources further said that Congress members have pushed for a “pure GST”, calling for the dropping of the one per cent additional tax. They have also demanded a Revenue Neutral Rate to be part of the bill.

Meanwhile, Congress members of the GST Parliamentary panel are likely to submit dissent note against the report on July 17.

The Govt is not keen to push the GST Bill through without Congress support and is mulling some ‘compromise’ on one per cent additional tax to break the deadlock, said sources.

Union Finance Minister Arun Jaitley had recently made a strong case of GST, saying it was necessary to create jobs and eradicate poverty.

“The latest data suggest that the investment cycle is slowly turning around and stalled projects are being unblocked at a faster pace. Passing the GST and reforming the land law will accelerate this investment turnaround,” he had said.

The development comes against the backdrop of the Lalit Modi row that has snowballed into a major controversy involving two senior BJP leaders. The monsoon session of Parliament begins on July 21.

With the Congress sticking to its demand for the resignations of External Affairs Minister Sushma Swaraj and Rajasthan Chief Minister Vasundhara Raje, the nearly four-week long session of Parliament that is scheduled to last till August 13 is likely to be stormy.

While the Goods and Services Tax Bill is being scrutinised by a select committee of the Rajya Sabha, the Land Acquisition bill is being discussed by the joint committee of Parliament. Both the committees are expected to submit their reports at the beginning of the next session.

Source : ibnlive.com

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