This Publication aims to educate the stakeholders about recent efforts of NDA Government to implement the biggest tax reform in the country and to introduce with the issues faced by the government in pushing the constitutional amendment through the upper house of the parliament
The government wants to implement GST from April 1, 2016.
The goods and services tax (GST) Constitution amendment Bill is likely to be listed for discussion in the Rajya Sabha not before December 14, which would leave the government with eight days of the winter session to get the key tax reform passed by the Upper House and subsequently the amended Bill by the Lok Sabha before the session ends on December 23.
Central ministers said they haven't lost hope about the GST Bill being passed in the ongoing session, despite no clear indications emerging from the Congress leadership, particularly from Congress President Sonia Gandhi and Vice-President Rahul Gandhi.
The Congress has conveyed to the government that while it had agreed that the Rajya Sabha's Business Advisory Committee allocate four hours for a discussion on the Bill, the Bill should only be listed in the day's business after the Upper House discusses other issues of urgent public importance, especially the drought situation in large parts of the country and the price rise.
Congress sources maintain the party wants the government to "resume threadbare discussions on all stated conditions". While 1% inter-state tax is being junked, there are still hectic bargain on two other conditions: of capping GST rate at 18% and framing independent dispute-settlement body.
A government panel last week suggested a standard goods and services tax (GST) rate of 17 per cent-18 per cent, which raised the chances of a consensus on the landmark tax reforms bill to get through in the ongoing session.
Let’s watch out how NDA Government moves further under the vision of our Honorable Prime Minister Sh. Narender Modi & consistent efforts made by our Honorable Finance Minister Sh.Arun Jaitley.
Best Regards
SAURABH CHHABRA
Freelance Tax Professional
Please write to me at casaurabhchhabra@gmail.com or WhatsApp me at +91-7838781966 for suggestions.
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