Overall consensus reached on GST: BJP

Image
ANI New Delhi
Last Updated : Nov 26 2015 | 12:57 PM IST

In a move that may end the political deadlock over the Goods and Services Tax (GST) Bill, the government today indicated that an overall consensus has been reached on the same.

"The government is holding discussions with all parties. An overall consensus has been reached on the GST. If anybody has any suggestion or problem or amendment, then that will come up in the discussion of the House," Minister of State for Minority Affairs Mukhtar Abbas Naqvi told ANI.

Congress vice-president Rahul Gandhi had yesterday said his party is ready to talk to the government on the GST Bill, even as there are differences with the government on three major issues.

"Though the Congress Party wants the GST, it should be simplified," he said, adding that the BJP's stand is different from his party.

The GST, which will include more than a dozen state levies to create a single market, is to be implemented from April 1, 2016. But the deadline may be missed if the Parliament does not pass the Constitution Amendment Bill in the upcoming Winter Session.

The Bill was passed in the Lok Sabha in May this year and is awaiting clearance from the Rajya Sabha where the ruling NDA lacks majority.

The government is reaching out to parties in the opposition on the GST, including looking at the possibility of incorporating some of the changes proposed by the Congress.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 26 2015 | 12:29 PM IST

Next Story