The Cabinet on Wednesday approved amendments to the GST bill to compensate states for revenue loss for five years on introduction of the uniform nationwide indirect tax regime.
Following passage of the Constitution Bill, 2014, Dass and Finance Minister Himanta Biswa Sarma, who introduced it in the House, exchanged sweets.
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
The government is hopeful of passage of the GST bill in the winter session of parliament claiming 30 of the 32 parties have supported it.
They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.
Modi on Friday invited the Congress leaders at his Race Course Road residence at 7 PM, sources said.
Jaitley said the Congress may be upset with the government for 'political reasons'
Govt can advance the dates of the convening of the monsoon session of Parliament to early July
Modi must focus on other state-level reforms, such as those in labour laws, leasing of land and agriculture
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
The Lok Sabha has already passed the Bill.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
With tempers rising on intolerance, it will be hard to run House proceedings.
Government strategists are trying to ensure that the requisite 16 of the 31 states ratify the Bill by the end of this month
Even as some government departments have raised concerns on the Bill in its present form, the finance ministry has decided not to delay any further and may table it in Parliament next week.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
We have only three differences with the Bharatiya Janata Party on the GST, said the Congress vice president.
Leader of Opposition in the Rajya Sabha Gulam Nabi Azad approached leader of the house Arun Jaitley, saying that he is accompanying Sonia Gandhi to Varanasi on Tuesday.
In an attempt to get states to implement the Goods and Services Tax (GST) by next April, the Centre has softened its stance on most proposals in the draft Constitutional Amendment Bill that Finance Minister Pranab Mukherjee hopes to pilot in the monsoon session.
Introduction of GST would make Indian products competitive in the domestic and international markets.
The government was hoping to roll out the GST regime from April 2016.
"We are willing to speak to any of their leaders," Jaitley was quoted as saying by Bloomberg News.
Here's everything you need to know about the Goods and Services Tax Bill.
On Thursday, the Business Advisory Committee of the Lok Sabha, which allocates time for the Bills and discussions to be taken up for the forthcoming week, met, but the government strategists didn't ask the members to allocate time for the GST Bills for the next week.
Top Congress sources said they would not hold up the Bill.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
The session will have 20 working days for now.
Here's everything you need to know about the Goods and Services Tax Bill.
Bihar became the first non-NDA state and overall second after the BJP-ruled Assam to pass GST bill.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
Work has to be done on a war footing from now to implement the GST regime.
The GST, an indirect tax regime, is to be rolled out from April 2016.
Early GST rollout to help create more jobs, boost output, says IMF.
Jaitley promised the states that they would be fully compensated for any loss of revenue arising from implementation of GST.
The Empowered Committee of State Finance Ministers got its new chairman on Monday in Jammu and Kashmir's Abdul Rahim Rather.
The Congress party has accused Union Minister Nitin Gadkari of conflict of interest, alleging his sons' companies have benefited from the government's ethanol blending policy. The BJP has rejected the allegations.
Singling out the Congress as the only opponent to the GST, the government hopes to pass the bill after the altered numbers in the Upper House, reports Archis Mohan.
With just eight days left for the winter session, Jaitley and Parliamentary Affairs Minster M Venkaiah Naidu held consultations with Leader of Opposition in Rajya Sabha Ghulam Nabi Azad and Deputy Leader Anand Sharma.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
Manufacturing taxes, VAT will come down, assures Jaitley
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances