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SKP GST News
GST debate: All-party panel prepares pitch
An all-party committee of the Rajya Sabha allotted five hours for the debate on the crucial constitution amendment legislation to provide for the GST, but the government indicated that it would happen only after consultations with all political parties. However, there was no clarity as to when the legislation could be taken up for consideration as official sources indicated that the government would "take some time" towards consultation with all political parties for the way forward.

Source: The Economic Times dated 19 July 2016


Discussion slated on GST but with conditions
A Congress leader said the party was still awaiting a 'written' offer from the government about the three amendments it wanted in the Bill. A minister complained that the Rajya Sabha committee, which examined the legislation and had a majority of Congress members, had no dissent note in its report given last July. The government had agreed to discussions in both Houses (Upper and Lower) on the situation in Kashmir, price rise, foreign policy and the recent events in Arunachal Pradesh.

Source: Business Standard dated 19 July 2016


Congress ready to support amended GST Bill: Rajeev Shukla
Congress leader Rajeev Shukla said the government should accept their suggestions and scrap additional taxes to ensure passage of the crucial GST Bill. Stating that the Congress is in favour of the GST Bill, Shukla called for certain amendments in the same. "We are seeking an amendment
in the Bill so that the government does not levy additional taxes and the people of India can get some relief. We want this provision to be added," he said.

Source: Business Standard dated 19 July 2016     

BSP to support GST with some proposals
The Bahujan Samaj Party (BSP) assured support to the crucial GST Bill in the monsoon session of Parliament but with some suggestions. "Our party will give some suggestions when this Bill will come up. Our party will support the Bill with some suggestions," BSP leader 
Mayawati told the media. Prime Minister Narendra Modi asked all political parties to work cohesively and put forth their arguments in a constructive manner.

Source: Business Standard dated 18 July 2016

Maharashtra government demands INR 140 billion compensation over GST Bill
Speaking at the inter-state council meeting held in New Delhi, Chief Minister Devendra Fadnavis said the state was expected to lose revenue of over INR 140 billion if the GST Bill was passed; and the state should be compensated over a period of five years. He also demanded levying an additional one percent GST in states with a flourishing manufacturing sector to compensate for the loss of revenue.

Source: The Indian Express dated 16 July 2016


Did you know?
The model GST Law proposes to introduce a new concept of availability of refund to a person who has accumulated credit on account of the rate of tax on inputs being higher than the rate of tax on outputs, generally known as inverted duty structure. Also, refund to exporters is proposed to be continued.
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