JAITLEY-GST 2 LAST

first_imgJaitley said he has spoken to the chief ministers of all Jaitley said he has spoken to the chief ministers of all states, including those ruled by the UPA and the Congress, and they are a “strong supporter” of the idea. The Congress is opposing the bill in the current form, demanding that a cap on GST rate be included in the Constitution Amendment Bill. The other two changes sought are removal of one per cent additional tax on inter-state transfer of goods and a Supreme Court judge-headed dispute resolution panel. Jaitley said except for the additional inter-state tax, the GST Bill is verbatim of what the UPA had earlier proposed. He expressed his willingness to consider the additional 1 per cent inter-state tax. “… The rest of the GST Bill was verbatim the same what the UPA had introduced. And therefore, one has to analyse these after-thoughts. Now, the Parliamentary Standing Committee has approved it, the Rajya Sabha Select Committee has approved it, minus that 1 per cent…,” he said. The GST Bill, Indias biggest indirect tax reform since Independence, seeks to replace a slew of central and state levies, with an aim to transform the nation of 1.3 billion people into a Customs union. After it is approved by the Rajya Sabha, the legislation needs to be ratified by half of the 29 states for its rollout. PTI JD DP ARDlast_img

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