New Delhi: If the comments made by Arun Jaitley today at the GST meet are to be believed the Goods and Services Tax, the biggest tax reform of the country, is likely to be implemented sooner than expected, which aims to bring the country under a unified tax regime and has been stalled for years, has earned the support of virtually all states except Tamil Nadu, Union Finance Minister Arun Jaitely said.
In hopes of fostering a consensus on the contentious Bill, Arun Jaitley today on June 14 met the finance ministers of 22 states and representatives from seven others in Kolkata.
In his meet today regarding the GST bill Mr. Jaitley also shot down the Congress's demand of writing a cap for the GST into the constitution and further said that all the states have supported the move except Tamil Nadu which expressed some reservations.
While addressing the press conference Jaitley said, “the idea of the meeting was to lay down further roadmap with respect to how to proceed with the GST. Twenty two state finance ministers attended the meeting and there were representatives from all states and union territories. Everyone contributed with their views.”
The proposed tax reform, India's biggest revenue shake-up since independence in 1947, seeks to replace a slew of federal and state levies, transforming the nation into a customs union.
Amit Mitra, West Bengal Finance Minister and also chairman of the Empowered Committee of State Finance Ministers on GST said that TMC has pleged to support the GST, TMC party has pledged support to the GST, and also added that the FMs will meet again in the second week of July to discuss the revenue neutral rate (RNR).
Congress spokesperson Manish Tewari on GST meet said "What the government is telling is that it is either my way or the highway. And that is not how parliamentary processes work". "The government is completely and absolutely inflexible."
The NDA government, which is in a minority in the Rajya Sabha, might now be able to pass the GST bill without the Congress' support, if some large regional parties are in agreement in the monsoon session of the Parliament.