Sachin Hopeful, Modi Congratulating:-
“One nation one
tax, making GST a reality is just a matter of time! Look forward to GST
delivering the benefits.” – Sachin Tendulkar
“On this truly
historic occasion of the passage of the GST Bill in the Rajya Sabha , I thank
the leaders and members of all parties.”- Narendra Modi
Bonhomie between the Government and the Oppositions:-
India has
seen the rare of the rarest moment in
the parliament when both the government and the opposition gave their consent
unanimously on the long debated GST Amendment Bill in the Rajyasabha. There
were 203 members present at the Rajyasabha. AIADMK left the House to show their
dissent on the Bill. All of the voted in favour of the Bill, 2014. Thus proves
the patriotism in them. This is the biggest tax reform that has taken place
since the Independence.
GST, an Unifor Tax System:-
GST
|
It refers to unified
national tax leaving any other levies either by the country or the state.
|
It was
|
The 122nd
Constitutional Amendment
|
Consent
|
203 members
|
Walk out
|
AIADMK
|
Tax Rate Proposal from
the Congress
|
Within 18%
|
BJP passed a
whip to be present at the Upper House on 3rd August in 2016 to vote
for the GST Bill.
Chidambaram and Jaitley |
Six Amendments Brought Congress on Board:-
Congress and
other oppositions have given their consent after the Government brought some amendments
in the Bill. 1% additional tax has been scrapped. There will be a clear
provision for compensation for the states during first five years.
Chidambaram Wants it as a Financial Bill for the Sake Empowerment of Both the Houses:-
“I want an
assurance from the Finance Minister that when the GST Bill is brought, it will
bring as a financial bill and not as a money bill. This is far too
transformational and important legislation that one House of Parliament should
just speak on it and the other will vote. We want that both Houses should
debate and vote on it,” former finance minister from Congress P Chidambaram
said.
AIADMK Against GST:-
Navaneetha
Krishnan from AIADMK said, “This constitutional amendment Bill is not
valid. It violates the states’ fiscal autonomy. It will give permanent revenue
loss to Tamil Nadu. We oppose it.”
Still to Wait for the Implementation:-
But we have to
wait for an unpredictable time as the process has not yet been completed. It
will go to the Loksabha .It needs supports of at least 50% states. Then the
committee will submit recommendation report to the Government. Finance Minister
Arun Jaitly has assured that falsehood will not be carried out in implementing
the Bill. The Opposition will be allowed to say their words in the debate session.
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