West Bengal CM Mamata Banerjee raises hope for GST passage

| Thursday, May 19, 2016 - 15:07
First Published |
Mamata Banerjee raises hope for GST passage,GST, Mamta Banerjee, BJP,Congress,

Mamata Banerjee raises hope for GST passage

New Delhi: After a resounding victory in West Bengal Assembly elections, the Chief Minister of the state, Mamata Banerjee has assured Modi government of its support for the GST bill. 
“We have had ideological differences with BJP but we will always support on issues that are beneficial to the people. We will support GST", Mamata was quoted as saying.
This is indeed a shot in the arm for Bhartiya Janta Party that has been trying to get the bill through. It has been stuck in Rajya Sabha for months now. The Congress has been blocking its passage in the Rajya Sabha.
Incidentally, Finance Minister Arun Jaitley’s had recently made a statement saying the government will introduce the GST Bill in Parliament irrespective of Congress' support regarding the same.
TMC's statement seems to have raised hope for the BJP which might face lesser resistance in Rajya Sabha, where Congress and its allies still hold a significant presence.
On its part Congress has been refusing to relax the conditions it has laid down for backing the passage of GST. The proposed reform seeks to replace a slew of federal and state levies, transforming the nation of 1.2 billion people into a customs union.
It is learnt that Congress would back the bill if the government agrees to cap the tax rate at 18% and create an independent mechanism to resolve disputes on revenue sharing between states.

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