जीएसटी जुलाई से लागू होने की उम्मीद, सरल होगा टैक्स सिस्टमः वित्त मंत्री

नई दिल्लीः केंद्रीय वित्त मंत्री अरुण जेटली ने वस्तु एवं सेवा कर (जीएसटी) इस साल पहली जुलाई से लागू होने की उम्मीद जताई है. आज उन्होंनें कहा कि इससे देश की ‘जटिल’ अप्रत्यक्ष कर प्रणाली को सरल बनाने में मदद मिलेगी. जेटली ने यहां भारत के नियंत्रण एवं महालेखा परीक्षक-(सीएजी) की ओर से आयोजित राष्ट्रमंडल देशों के महापरीक्षकों के 23वें सम्मेलन में उम्मीद जताई कि संसद के मौजूदा बजट सत्र में इससे संबंधित विधेयक पारित हो जाएंगे.

उन्होंने कहा, “जीएसटी भारत में सबसे बड़ा सुधार है. उम्मीद है कि यह एक जुलाई से लागू हो जाएगा. उम्मीद है कि इससे संबंधित विधेयकों को संसद से मंजूरी मिल जाएगी.” इससे संबंधित विधेयक संसद के समक्ष हैं. साल के मध्य तक हमें जीएसटी लागू होने की उम्मीद है.” वित्त मंत्री ने हालांकि इस पर निराशा जताई कि जहां सार्वजनिक निवेश और एफडीआई बहुत अधिक है, वहीं निजी क्षेत्र में निवेश अब भी बहुत पीछे है.

वित्त मंत्री ने जीएसटी से इन फायदों की बात की

केंद्रीय वित्त मंत्री ने कहा, “जीएसटी के तहत टैक्स चोरी मुश्किल होगी और भारतीय अर्थव्यवस्था का विस्तार होगा.”“यहां सुधार का विरोध न के बराबर है. देश में विदेशी प्रत्यक्ष निवेश (एफडीआई) में सुधार महत्वपूर्ण है और हम दुनिया की सर्वाधिक खुली अर्थव्यवस्थाओं में से हैं.”जेटली ने यह भी कहा कि भारत एक खुली अर्थव्यवस्था है और यहां करीब 90 फीसदी निवेश स्वत: होते हैं.उन्होंने कहा, देश की इनडायरेक्ट टैक्सेशन प्रणाली इस वक्त दुनिया की सबसे जटिल टैक्स व्यवस्था है, लेकिन जीएसटी लागू होने के बाद इसका सरलीकरण होगा.उन्होंने कहा, “हमारी अप्रत्यक्ष कराधान प्रणाली जटिल है. यह इस वक्त दुनिया में सबसे अधिक जटिल कर व्यवस्था है. लेकिन जीएसटी लागू हो जाने के बाद हमारी कराधान प्रणाली सुगम व सरल हो जाएगी.

Source:-Abpnews
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PM in Lok Sabha: GST will make 'kuchcha' bills a thing of the past

NEW DELHI: Implementation of a goods and services tax will end "tax terrorism"+ , incentivise traders to maintain clean accounts, make "kuchcha bills" (informal bills) a thing of the past and empower the customer, PM Narendra Modi said on Monday.

A "pucca bill" (proper receipt) will help traders claim tax credit and an online system will track transactions at every stage, making it possible to detect evasions, the PM said. He emphasised that the reform+ would mean "customer is king" as the common man will benefit from a more accountable tax regime and an efficient economy.

Modi's kuchcha-pucca remark in Lok Sabha was a reference to the all too common practice of retailers and service providers offering customers a choice of a printed bill or just an informal total that does not contain a tax component. The GST, Prime Minister Narendra Modi said, will put paid an end to this illegality as traders will benefit from preparing a clean bill of goods.

In his intervention in Lok Sabha, which cleared amendments to the Constitution passed by Rajya Sabha+ last week, Modi credited Parliament, political parties and states for putting "rashtraniti" (national policy) above "raj niti" (politics). "The important thing is that this should not be decided on majority, we never wanted it.... We know that unprecedented consensus has been created. It helps in streng thening democracy," he said.

Apart from a few small digs at Congress when he pointed out that the party may have given birth to the bill but it was NDA that nurtured it, Modi stuck to eulogising the strong consensus in favour of the bill even as he defended himself against the charge that as Gujarat CM he had opposed the law. He had apprehensions and had met then finance minister Pranab Mukherjee several times.


"As PM, having experience of CM, I could easily address the concerns of GST," he said. Besides, he said there was a need to develop confidence among states as many of them had apprehensions about the Centre compensating them for possible loss of revenue.


Countering doubts raised by Congress that GST will spur inflation, Modi said the government has made a legal commitment to maintaining inflation at 4%. The government is looking to introduce GST -the most comprehensive indirect tax reforms since independ ence which will result in close to a dozen taxes getting merged into a single tax and turn India into a common market from April next year.
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Modi is a master crafts man and deserves credit for GST.Sudarshan Nindrajog


Modi sought to hardsell the reform as a win-win for all stakeholders. He said states considered backward stood to gain and this would address the problem of imbalanced development. He added that manufacturing states will be compensated for possible losses.With more funds at their disposal, states will be able to invest in education, healthcare and infrastructure.
Source:-TOI
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GST bill to be taken up in Lok Sabha today , PM Modi likely to intervene

The government has listed the bill for Monday's legislative business in the lower house.

The GST bill was passed by Rajya Sabha on Wednesday with amendments and thus needs to be again approved by the Lok Sabha.

The Bill was passed by Lok Sabha last year. It now has to go back to the Lower House to incorporate amendments approved by the Rajya Sabha.

The GST Bill has to be ratified by at least 16 states in 30 days after it is passed by the Parliament.

The ruling Bharatiya Janata Party (BJP) and the opposition Congress have issued whips asking their members to be present in the house on Monday in view of the GST bill being taken up.

Modi, who was under attack by the Opposition parties, especially the Congress for his absence during the passage of the Constitution amendment bill for GST in the Rajya Sabha on August 3, is now likely to intervene in the debate, sources said.
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The Parliamentary Affairs ministry on Saturday dubbed the passing of the Constitution's 122nd Amendment Bill relating to GST by huge consensus in the Rajya Sabha as the "hallmark of the third week of monsoon Session of Parliament".

The bill will then go to the Presidential for his assent and the states have also been asked to ratify it within 30 days of this.

The GST Bill will replace a raft of different state and local taxes with a single unified value added tax system. This will in effect turn the country into the world’s biggest single market.

Being a Constitutional amendment that involves the states, at least 50 percent of them also have to ratify it. This is where the process could take long, since states could have their own set of issues and worries, which the Empowered Committee and the government would have to address. What will, nevertheless, help is that the BJP and its allies are in power in 13 out of 29 states.

These formalities apart, the parliament will have to pass relevant bills for a Central GST and an integrated GST, while the states will have to enact their own legislations for a State GST. This is because the GST regime will involve the imposition of central and state levies at identical rates.

The government has said April 1 next year will be the target date for the roll-out of the GST regime.
Source:-indiatvnews
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In GST Reform Breakthrough, Congress OKs Debate, Date TBD: 10 Facts

1. In a big breakthrough for the government, the Congress, which has been blocking the GST reform, has agreed to a five-hour debate  on the proposal. No date has been set yet, but the agreement allows the bill to be introduced for consideration.
2. The GST will replace a tangle of tariffs imposed by the Centre and different states. Finance Minister Arun Jaitley has presented it as the most important tax reform in decades.
3. Most parties have come around to support the bill, including regional heavyweights like Mamata Banerjee's Trinamool Congress and Mulayam Singh Yadav's Samajwadi Party.
4. But the main opposition party, the Congress, which drafted the proposal when it was last in power, remains non-committal on the negotiations with the government over specifics of the bill.
5. The GST proposal has been approved by the Lok Sabha but has yet to be greenlit by the Rajya Sabha where the government is in a minority. With regional parties backing the reform, the Congress is likely to be outnumbered.
6. Because of that, the Congress is expected to either cause disruptions in the House which would prevent the legislation from being taken up, or attack the government on recent political controversies.
7. As part of its outreach, the government today agreed to the Congress' pitch for a debate on the violence that has seared Kashmir since the killing earlier this month of 22-year-old Burhan Wani, a terrorist commander of the Hizbul Mujahideen. His death has led to massive and continuing clashes between civilians, young stone-throwing protesters, and security forces.  Nearly 40 people have died, and 2,000 been injured.
8. Tomorrow morning, Anand Sharma and Ghulab Nabi Azad of the Congress are scheduled to meet Finance Minister Arun Jaitley with directions from top leaders on both sides to negotiate compromises on the GST.
9. The Congress wants the GST to be capped at 18 per cent, it wants the upper limit to be listed in the constitutional amendment that will usher in the reform, it wants the removal of proposed 1% state levy, and it has called for a powerful council to settle disputes on revenue-sharing between states.
10. The government has indicated it is willing to accommodate most of those changes. But it points out that specifying a tax rate in the constitutional amendment is inadvisable as that would require changing the constitution each time the rate is to be revised.
    Source:-ndtv
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