GST Bill Introduced in Rajya Sabha – The Finance Minister, Arun Jaitley introduced the Goods and Service Tax Bill in Rajya Sabha amid the protest by MP’s from Congress as Congress members continued their protest hence interrupting and finally adjourning the Parliament. Government has introduced the bill which would probably increase the GDP by 1-2 Percentages but Congress which is said to be the main architect of the bill has shown its protest in the Parliament. GST Bill was passed in Lok Sabha recently and now Government needs to pass the bill Rajya Sabha as well but without the support of Opposition, the cause is unlikely to happen in this Parliament session ending on August 13, 2015.
GST Bill News:
Goods and Service Tax (GST) Bill would likely increase country’s Economic Growth Rate and hence bring down the prices of the Goods which would encourage foreign investors to invest in India and the Bill would also benefit the Common people as it will replace all the Indirect Taxes with a uniform levy. Arun Jaitley was critical about approach of Congress and said “Congress was opposing the GST bill just to stall country’s development.” he added “Congress hasn’t been able to digest its defeat in 2014 Lok Sabha polls. It is in self-destruction mode with no support;” whereas he previously talked about the bill saying “All the features of GST bill are a result of consensus brought among states by PM Modi-led NDA government,”
It is intriguing to see if Government could pass the bill before the end of the Monsoon Session of the Parliament as Congress Party led by Sonia Gandhi and Rahul Gandhi are in no mood to take a backstep as they demand the resignation from BJP Leaders like Shivraj Singh Chauhan for Vyapam Scandal, Sushma Swaraj and Vasundra Raje for involvement with LALIT Modi. Keep coming for more News updates.