इंडियन आवाज़     13 Apr 2024 12:08:03      انڈین آواز

Cong’s suggestions not in larger interest of GST structure: Jaitley

(Last Updated On: 25/11/2015)


Union Finance Minister Arun Jaitley has said Government is willing to reach out to the Congress-led opposition parties on the Goods and Services Tax (GST) Bill. Speaking at annual meet of an industry chamber in New Delhi yesterday, Mr. Jaitley, emphasised that some of the suggestions made by the Congress were not in the larger interest of the GST structure.

He, however said, government is willing to discuss their concerns and has no difficulty in reaching out to the Opposition.

Responding to the comments, former finance minister P Chidambaram tweeted this morning: “FM’s confrontational speech at ASSOCHAM not the best way to reach out to opposition on GST.”

The sparring sets the tone for an all-party meeting today on GST, which will create a single market in India for the first time since independence and is expected to boost the economy.

The government aims at rolling out the new regime from April 1. The Congress blocked the GST Bill in the last session of Parliament over its demand that a revenue-neutral rate not higher than 18 per cent be mentioned in the Constitution Amendment bill.


The government is keen on getting the Constitution (Amendment) Bill passed in the winter session of Parliament that begins tomorrow so as to meet its April 2016 target date for rolling out the indirect tax regime. Mr. Jaitley also questioned Congress’ stance on changing the dispute resolution mechanism, arguing that none of these positions was part of the Bills moved by P. Chidambaram and Pranab Mukherjee when they were Finance Ministers in the UPA government.

Prime Minister Narendra Modi has also exuded confidence and hoped the GST regime would roll out in 2016. Mr Modi was speaking at the India Singapore Economic Convention in Singapore yesterday.

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