GST Bill may not be passed this monsoon session

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The Goods and Services Tax Bill is unlikely to be taken up in the coming monsoon session of Parliament, reports Shereen Bhan of CNBC-TV18, quoting government sources.

The Congress members on the joint parliamentary panel on GST are likely to submit dissent notes against the panel’s report to be submitted on July 17.

The Congress members have demanded a ‘pure’ GST, and asked for the additional 1 percent tax to be dropped. The Congres members also want revenue neutral rate to be part of the GST Bill.

It is learnt that the government is not keen to push GST Bill through without Congress support and may consider a compromise on the 1 percent additional tax.

Sources said the government was anyway not hopeful of the Land Bill being taken up in the monsoon session, but the latest development on the GST Bill has come as a nasty surprise.

The report by the joint parliamentary panel on the Land Bill is likely to be delayed, and the government is considering a dilution of the consent clause in land acquisition.

The latest census data shows that 56 percent of rural households do not own any land, and that 51 percent of rural households are engaged in manual labour.

Sources in the government said these data points would be used to bolster the case for the Land Bill, but given the huge opposition, it was unlikely to be pushed through.

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Source/Author: CNBC TV18




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