New Delhi : The Goods and Services Tax (GST) would be launched today, June 30, in the Central Hall of Parliament at midnight. A day before the launch of most sweeping tax reform GST, Finance Minister Arun Jaitley urged the Opposition to revisit their decision to skip the GST launch saying that they were all consulted on the indirect tax reform. "I hope every political party will reconsider and revisit its decision" on not being a part of the GST launch in Parliament.
Arun Jaitley said that the government will remain committed to the GST reform and would roll out on July 1. It is, he said, the single most important taxation reform in 70 years. Arun Jaitley also said that all the decisions were taken in consultation with states and other political parties. He said that the parties should own up their responsibilities and shouldn't run away from it.
"The GST Council was a perfect experiment in a federal institution where 31 state governments and the centre together took hundreds of decisions and each one of them by consensus. There has never been this exercise of this kind of political consultations and political consensus in bringing the GST. Those who have been party to the consultation and decision-making process must also accept that this is not a decision of the central government but is equally a decision of the 31 states and Union Territories which have been party to this," Arun Jaitley said.
ALL ABOUT THE MEGA-GST EVENT IN PARLIAMENT
♦ The Goods and Services Tax roll out event will start at 11 PM on June 30.
♦ The GST launch has been organised in the Central Hall of Parliament and will be launched at midnight.
♦ The event is likely to end at around 00:10 AM soon after the launch.
♦ Trinamool Congress, Congress, Left parties and DMK are likely to skip the GST launch.
♦ President Pranab Mukherjee and big names such as Amitabh Bachchan, 'Metro Man' E Sreedharan, Lata Mangeshkar, Ratan Tata, RBI Governor Urijit Patel, Raghuram Rajan, Chief Election Commissioner Nasim Zaidi are among the attendees.
♦ After it is launch, GST will replace 20 central and state taxes. The taxes include factory-gate duties, service, and local taxes.
Former Prime Minister of India Manmohan Singh will not be present at the GST launch meeting. His party Congress also said that it would be boycotting the mega-launch event organised at the Central Hall, Parliament. The government has invited Manmohan Singh and former Prime Minister HD Deve Gowda of the Janata Dal-Secular to share the stage with Prime Minister Narendra Modi when the GST is launched at midnight.
Announcing the boycott, Senior Congress leader Ghulam Nabi Azad said that Congress has decided to boycott Parliament's midnight session to roll out GST. "This midnight spectacle is ignoring harsh realities of society, intolerance, farmers issues which cannot be ignored. Congress cannot be party to such a tamasha (drama), publicity gimmick…we won't be party to publicity for a mere tax policy," said Anand Sharma, Congress. (india.com)