Will go for voting on GST if Congress doesn’t come around, says Finance Minister

Sunday, May 15, 2016,11:22 IST By Metrovaartha A A A

New Delhi | Finance Minister Arun Jaitley on Saturday said government may seek voting on GST Constitution amendment bill in Rajya Sabha in the Monsoon session in case Congress continues to oppose the long-pending indirect tax law.

Only one political party, the Congress, and that is a political opposition. That is not an ideological opposition. I am trying my best to talk to them, so that they can come around. And if they don’t, then, we’ll have no option but to put it to vote, Jaitley said in a interview to All India Radio.

Jaitley said the bill will be put to vote in next Parliament session even if Congress continues to oppose it, the AIR said in a release. The Goods and Services Tax (GST) bill, which has been approved by Lok Sabha, is pending in Rajya Sabha because of stiff resistance by Congress, the largest party in the House.

Government has been insisting that most of the parties, except Congress, are in favour of GST, which will bring about a uniform indirect taxation regime in the country. Replying questions on GDP, Jaitley said the country can achieve even better growth rate if there is a favourable monsoon this year and improvement in global economy. I think first important factor, which is beyond our control, is that the world starts growing faster.

So if, global tail winds support us, then our ability to grow faster will be there. But that is something not in our control. The second important factor is oil and commodity prices must remain at a moderate level. The present regime suits us, because as net buyers, we are buying at a cheaper price and therefore, we are saving a lot of money. The third important factor is that India’s private sector has to get more active, he said.