Prior to monsoon parliament session, Congress Party hints at dropping key GST demand

| Sunday, July 10, 2016 - 11:45
First Published |
GST, Congress, Goods and Services Tax bill, Ananf Sharma, Arun Jaitley, Monsoon parliament session,

New Delhi: The impasse over Goods and Services Tax bill (GST) might be finally heading towards clearer shore with the Congress Party hinting at dropping its key GST demand.

Congress deputy leader Anand Sharma exclaimed that Congress may not pursue the 18% tax cap which they had earlier demanded on the bill. With different prominent parties voicing their support for the rightful passage of the GST bill, Congress party may soon align themselves with majoritarian demand, given the fact that other demands of the party are fulfilled.

"The government would have to suggest ways for legal ring-fencing of the rate," Anand Sharma said, and also added that there had been no overtures for a discussion on the issue by the central government.

Finance Minister Arun Jaitley had stated earlier that the GST bill might find its passage through legislation in the upcoming monsoon session of parliament.

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