Goods and Service Tax – GST – By: – Nagesh Bajaj – Dated:- 18-7-2011 Last Replied Date:- 30-12-1899 – The introduction of GST through the comman goods and service tax or GST from the next financial year appears uncertain with fresh opposition pouring in from BJP ruled states who claims that it would reduce their status of that of municipalities and corporations. Finance minister Pranab Mukherjee s plan to roll out a national level goods and services tax (GST) by April 1, 2012, may get further delayed as finance ministers of two key states have said that it may not be possible. Citing a lack of consensus amongst political parties as well as loss of states autonomy, Madhya Pradesh finance minister Raghavji and Bihar s deputy chief minister S
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on the tax. The GST bill needs approval of two third of the Parliament and half of the Indias 28 states to become the law.Hence BJP support is crucial at the states as well as at the central level.The opposition leaders think that the Constitution amendment bill introduced by centre is reactionary.It is absolutely useless and against the interest of the states.It has provisions which will curtail the autonomy of states. The centre is interfering in the rights of the states. Meanwhile, breaking away from the stand taken by BJP-ruled states, Modi called the tax a historic reform . If GST is implemented, Bihar will be a part of it. There is no question of having our own choice or dislike. This is a historic reform and we believe that the enti
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