For Quick Alerts
For Daily Alerts

April 1 Deadline For GST Rollout Seems Challenging: Sinha

By Religare

Amid ongoing political turbulence, Minister of State for Finance Jayant Sinha said that meeting April 1 deadline for GST rollout seems to be "challenging", reported PTI.

"Legislative side is complicated because you need two-third majority in the Rajya Sabha, you need 50 per cent of states to pass it and then we have to get GST Bill to be passed...So there is lot of heavy lifting to done on legislative side which makes this challenging in terms of April 1, 2016," Sinha said.

April 1 Deadline For GST Rollout Seems Challenging: Sinha
The Constitutional Amendment Bill to roll out Goods and Services Tax is stuck in the Rajya Sabha due to stiff opposition by the Congress party and might be delayed further because of the tough stance taken by the main opposition party over the National Herald case issue.

"We could implement GST from April 1, 2016 from administrative point of view," he said while talking to a global audience on YouTube on India's reforms agenda.

"If indeed the legislation gets passed across the Centre and states then there is no reason why we cannot implement in the year at any point, this is after all a transaction tax and then when it kicks in, it will kick in on all of those transactions," he said.

"We will keep pushing as far as GST is concerned. It will happen sooner rather than later," he added.

He also said that the present regime is pro-poor and pro-market.

The philosophy of Narendra Modi-led government is minimum government and maximum governance, he said, adding the government believes in cooperative federalism.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more