The Bharatiya Janata Party (BJP) national executive on Sunday passed a resolution on economic issues that said increased capital spending in infrastructure development and more credit for agriculture and small industries have spurred India's growth during the two years of the Narendra Modi government.It said that "a qualitative change in the tax system is expected through the introduction of the goods and services tax (GST), which has been pending due to obstructionist politics of the Congress and few other parties."The resolution said the government has cleared 42 stalled projects worth Rs 1.15 lakh crore since February 2015, which activated the idle investments locked in these projects. "This has also begun yielding results in 2015-16. That is why despite slower growth in investments, GDP has grown. Further unlocking of stalled projects will accentuate the GDP growth in future."The resolution lauded the Modi government's perfect blend of welfare and growth measures, and for pulling t
Union Finance Minister Arun Jaitley will attend the meeting on the first day, the union ministry official added
New chairman Amit Mitra will head the first full fledged meeting since November 2015
If the Bill is passed, many sectors and companies will gain, especially the ones dominated by the unorganised players
We are fighting for GST. One-tax formula will work, said Mamata Banerjee
Several states have brought out amnesty schemes to shore up their tax revenues
Central revenue officers are concerned that states want control over taxes and assessments, rendering the Central Board of Excise and Customs toothless
The overall rate, which would vary for different goods, would be set by a newly formed GST Council
Sources say all political parties other than Congress and AIADMK have supported the GST Bill
Modi govt could steer through Parliament 59 out of 75 Bills introduced over the past two years (excluding finance and appropriation Bills), giving it a strike rate of 78.6%
The new sales tax will add up to two percentage points to the nation's economic growth
He said, 'It would be extremely difficult even for the Congress party to take a contrarian view'
GST constitution amendment pending in Rajya Sabha where govt lacks numbers
He said Bihar, UP would benefit from GST, Barring one or two states, all states would have benefited from GST
Cautions handing over taxation powers to judiciary will be a "misadventure"
Congress has three suggestions- setting up of independent committee, elimination of 1% tax and introduction of capping
It said total FDI inflows to India increased to $44 billion in 2015, up from $34 billion in 2014
The Union government is making all efforts to enable the GST roll-out
Sharma, the deputy leader of Congress in the Rajya Sabha, also criticised the nationalism debate
Says administrative machinery is fully geared both at states and central level to implement GST at the earliest