"We have kept a very stiff target for GST and the reason is that there is a greation national aspiration in support of the reform", said 
Arun Jaitley, Union Finance minister said today.
WHAT IS THE BILL STARING AT NOW?
After a successful political outreach in the Upper House and then 17 states ratifying the constitution amendment bill, the President's nod is awaited. Another 3 states such as Andhra, Arunachal Pradesh and Meghalaya will ratify the bill during this week.
But it's the implementation hurdle that can delay the rollout.
GST RATE: A POTENTIAL ROADBLOCK?
"GST council needs to be formed and deciding the GST rate will be the biggest roadblock", said a senior officer in the North Block.
The next in line will be dual control clause where states have pressed for autonomy to decide tax structure on small businesses.
"Once the ascent is granted by the President, the constitutional amendment will be notified and the GST council will be constituted. There are obviously some pending issues which the council will have to decide," said Arun Jaitley, Union Finance Minister.
POLITICAL CARD COULD DOWNPLAY GST?
Interestingly another hurdle could be the political attack on the GSTN entrusted with the task of setting up technological framework.
SWAMY STRIKES
BJP leader Subramanian Swamy has called for replacing private companies that hold majority stake in GSTN citing security issues.
"The logic behind security issues of GSTN is unfounded, there is no proposal to change the GSTN structure", said a senior official in Finance Ministry.
Arun Jaitley, Union Finance minister said today.WHAT IS THE BILL STARING AT NOW?
But it's the implementation hurdle that can delay the rollout.
GST RATE: A POTENTIAL ROADBLOCK?
"GST council needs to be formed and deciding the GST rate will be the biggest roadblock", said a senior officer in the North Block.
The next in line will be dual control clause where states have pressed for autonomy to decide tax structure on small businesses.
"Once the ascent is granted by the President, the constitutional amendment will be notified and the GST council will be constituted. There are obviously some pending issues which the council will have to decide," said Arun Jaitley, Union Finance Minister.
POLITICAL CARD COULD DOWNPLAY GST?
Interestingly another hurdle could be the political attack on the GSTN entrusted with the task of setting up technological framework.
SWAMY STRIKES
BJP leader Subramanian Swamy has called for replacing private companies that hold majority stake in GSTN citing security issues.
"The logic behind security issues of GSTN is unfounded, there is no proposal to change the GSTN structure", said a senior official in Finance Ministry.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.