Maha to lose Rs 20K-cr annually if GST misses deadline: CM

Attacking the Congress over the Parliament logjam and stalling the GST Bill, Maharashtra Chief Minister Devendra Fadnavis today said the state will run up an annual loss of Rs 20,000 crore if the tax regime is not implemented next fiscal.
Addressing a press conference, Fadnavis said the conduct of the Congress in stalling Parliament session puts a question mark on its national interests.
Fadnavis, who was accompanied by state BJP chief Raosaheb Danve at a press conference here, said the BJP will hold protests and demonstrations in all Maharashtra districts on August 16 to highlight the actions of the Congress in not letting Parliament function.

"The party is yet to recover from the devastating Lok Sabha defeat and it can't think beyond the interests of the Gandhi family. By blocking the GST bill, one wonders if the Congress can think of national interest," Fadnavis charged.
"Since the advent of the Modi government, investment climate in the country is beginning to look up and there are signs of economic revival...If that happens, Modi government would walk away with all credit. The Congress does not want that and created hurdles in Parliament functioning.
Non-implementation of the Goods and Services Tax (GST) from April 1, 2016 would mean annual loss of Rs 2 lakh crore for the country and Rs 20,000 crore for the state," he said.

"Congress had no credible reasons to hold Parliament and the country to ransom," the CM added.
Fadnavis said Maharashtra is a manufacturing as well as a consumer state and as per an amendment by the NDA government, manufacturing states are allowed to levy 1 per cent additional tax.
"Due to this amendment, all states came on board for implementation of GST which the Congress has blocked," he said.