GST Bill: Arun Jaitley to meet state ministers today, iron out differences

GST has been already passed in the Lok Sabha but is pending in the Rajya Sabha where the BJP-led NDA government lacks a majority.

By: ANI | New Delhi | Updated: July 26, 2016 9:33 am
GST bill, Arun Jaitley, Jaitley GST bill, rajya sabha gst bill, latest news, Goods and Services Tax, GST bill, Union Finance Minister Arun Jaitely will meet his counterparts to discuss GST bill. (PTI Photo)

Finance Minister Arun Jaitley will meet his counterparts in states on Tuesday to discuss the proposed amendments to the Goods and Services Tax (GST) Bill that has been passed by Lok Sabha but is stuck in the Rajya Sabha.

The proposed tax reform, the biggest since India’s independence 1947, seeks to replace a slew of central taxes and levies in its 29 states, transforming the nation of 1.3 billion people into a customs union.

Jaitley met Bihar Chief Minister Nitish Kumar over the weekend and has been earlier meeting the leaders of the Congress Party to garner support for the proposed GST Bill.

Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi earlier on Friday told the Rajya Sabha that the GST Bill will come up for discussion next week.

The GST was first mooted by the Congress-led UPA government.

It has been already passed in the Lok Sabha but is pending in the Rajya Sabha where the BJP-led NDA government lacks a majority.

The Congress has been demanding that the overall GST rate be capped at 18 per cent, as well as scrapping of an additional one per cent tax to compensate manufacturing states.

Following a meeting of the state finance ministers in Kolkata last month, Jaitley announced that every state had either supported or accepted the proposed GST, except Tamil Nadu which expressed its reservations and offered suggestions.

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The government is hopeful of passing the legislation in this session of Parliament.

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