Hopeful of breakthrough in GST, says PM as Parlt session begins
|Source: The Hitavada Date: 10 Mar 2017 09:20:22|
AS the Budget session of Parliament resumed on Thursday, Prime Minister Narendra Modi hoped there will be a breakthrough on the Goods and Services Tax (GST) Bill and that issues will be discussed in a democratic manner.
“We hope that there will be a breakthrough on the GST because all States have positively cooperated. All political parties have also extended cooperation in a positive way,” he told reporters outside Parliament.
The second leg of the Budget session resumed on Thursday after about a month-long recess.
“We are meeting after a break and the budget proposals will be discussed in details,” he said. Hoping for a healthy debate in the House, the Prime Minister said, “I believe that the level of discussion will go to a higher level. Attention will be drawn towards the issues related to the poor people.”
“We are moving ahead with the consent of all through a democratic process,” he said, hoping that GST process will be completed before the session concludes next month.
GST, billed as the biggest-ever tax reform in the country, is expected to add at least one percentage points to its GDP growth.
The Centre plans to introduce in Parliament the Central GST (CGST) Bill. After it is ratified, the States will introduce the State GST (SGST) Bill in their respective legislative Assemblies.