PM Modi’s wish as he bid farewell to retiring Rajya Sabha MPs

first_imgAs he said goodbye to a batch of retiring Rajya Sabha members today, Prime Minister Narendra Modi had a wish: that the contentious Goods and Services Tax (GST) Bill was passed during their tenure.”I wish the GST had passed during your tenure in Rajya Sabha as it would have immensely benefited people of the states you represent,” Modi said in the Upper House, where the ruling BJP is in a minority.”You didn’t get the chance. But I am sure all those of you who will come back will get this opportunity,” he added.The GST Bill, which the opposition Congress has blocked in the Rajya Sabha, aims to transform India into a uniform market by breaking the current fiscal barrier between states. It will facilitate a uniform tax levied on goods and services across the country.Considered the biggest indirect tax reform since independence, the GST will be levied on manufacture sale and consumption of goods and services. Currently, the indirect tax system in India is complicated with overlapping taxes levied by the Centre and the State separately.Earlier this week, Finance Minister Arun Jaitley once again asked the Congress to reconsider its opposition to the GST and withdraw its insistence on handing over dispute resolution under the proposed legislation to the Supreme Court.”If India has to grow, please reconsider your position on having a provision (GST Bill) that would surrender legislative jurisdiction to the courts,” Jaitley said.On the Congress demand for a constitutional cap of 18 per cent on GST, Jaitley said though he had no problem with the rate proposed there could not be a constitutional limit placed in case adverse situations arose in future.advertisement”There cannot be a uniform tax for all commodities. There are ‘aam aadmi’ (common man) commodities that could attract 5-6 percent tax.. that the GST Council will decide. But why should luxury products like a BMW car be taxed only 18 percent,” he asked. Rajya Sabha to elect 53 new MPs, but BJP will remain in the Oppositionlast_img

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