Rajya Sabha nod for GST Bill uphill task for Govt.

Categories: Articles

The Narendra Modi government’s intention to get the Constitution amended for rolling out a unified Goods and Service Tax (GST) from April 1 next year looks unlikely to fructify in the coming monsoon session of Parliament considering the changes the opposition, especially the Congress, wants in the amendment Bill.

The select panel of Rajya Sabha members led by Bhupender Yadav, which discussed the provisions of the Constitution (122nd Amendment) Bill on Tuesday, would meet again on Friday to firm up its report to be submitted to the House before the three-week long session starts on July 21. While the panel chairman is from the BJP, its members are mostly from opposition parties, who intend to give dissenting notes if their suggestions are not incorporated in the Bill, sources privy to the discussions said.

Dissenting notes are not uncommon in Bills; however, considering BJP’s minority status in the Rajya Sabha and the two-third majority required for constitutional amendments, not taking opposition views on board, especially of Congress will not help in getting the Bill passed, sources said. In the 245-member Rajya Sabha, the ruling coalition is a minority with only 65 seats, along with allies. The Bill was passed in the Lok Sabha in May despite a walkout staged by the Congress.

If the government misses the monsoon session, it still has a chance to get the Bill cleared in the winter session, so that in the budget session in 2016 February, it can enact Bills regarding Central GST and Integrated GST, while states can ratify the constitutional amendment as well as enact state level GST laws. Finance ministry sources say that they are prepared to meet the April 1 deadline, despite the political odds confronting the mega indirect tax reform.

Read more:


Hope the information will assist you in your Professional endeavours. In case of any query/ information, please do not hesitate to write back to us.

Thanks & Best Regards

Bimal Jain
FCA, FCS, LLB, B.Com (Hons)
Tax and Law Practitioners
Flat No. 34B, Ground Floor,
Pocket – 1, Mayur Vihar Phase-1
Delhi – 110091 (India) 
Tel: +91 11 22757595/ 42427056
H. No. 908, Sector 12-A,
Panchkula, Haryana – 134115
Ist Floor, 10 R G Kar Road
Shyambazar, Kolkata – 700 004
Email: bimaljain@hotmail.com
Web: www.a2ztaxcorp.com
LinkedIn: https://in.linkedin.com/pub/bimal-jain/14/601/4b4
Face book: facebook.com/bimal.jain.90
Twitter: https://twitter.com/JainTax
YouTube: https://www.youtube.com/channel/UCp0tT5ShjB4KHJRSlPc3t5w 

Disclaimer: The contents of this document are solely for informational purpose. It does not constitute professional advice or recommendation of firm. Neither the authors nor firm and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this document nor for any actions taken in reliance thereon.

Readers are advised to consult the professional for understanding applicability of this newsletter in the respective scenarios. While due care has been taken in preparing this document, the existence of mistakes and omissions herein is not ruled out. No part of this document should be distributed or copied (except for personal, non-commercial use) without our written permission.