The Narendra Modi-government may wait for the Budget session to get the Constitution Amendment Bill for introduction of Goods and Service Tax passed. The Bill has not been listed for consideration yet.
If the Constitution Amendment Bill does not get passed during the current session, the chances of implementing the GST from April 1 next year will be bleak. In such a situation, the new indirect tax system would be in a place only a year later, that is April 1, 2017, as such a taxation system cannot be implemented in the middle of a fiscal year.
A Constitution Amendment Bill needs order in the House to get passed.But continuous disruption has virtually stopped legislative business in both the Houses and the situation is unlikely to change during the remaining nine sittings of the Monsoon session.
There is a hope that the conditions would improve sooner or later but the same cannot be assured as things are not under control in the current sessions so the bill might get delayed because of these unexpected obstacles.
No comments:
Post a Comment