PM Modi today intervened during the Goods and Services Tax or GST debate in Lok Sabha - which was sent back to the lower house after passed in Rajya Sabha last week - and said GST meant 'Great Step Towards Transformation'. The GST Bill that amends the constitution to enable the GST reform was passed in both Lok Sabha and Rajya Sabha unanimously.
Bill for 122nd constitutional amendment to enable Goods and Services Tax or GST passed in Lok Sabha unanimously
The GST Bill introduced by the UPA government focused on building a consensus, did not have a provision for compensation to manufacturing states: Arun Jaitley
Arun Jaitley replies to clarifications sought on the GST Bill during the debate.
- The 2011 was the first exercise for the GST Bill.
- The first report from the standing committee on GST in 2013 was agreed upon by all political parties.
We, belonging to different political parties, with different ideologies are supporting the biggest tax reform in one voice. This in itself is a big success for India's great democracy: PM
GST will eliminate human interference between buyers and sellers, will curb corruption: PM Modi- Through GST, the tax payers will be given services where he will benefit from being honest/transparent.
We say a lot against corruption, but to end it, we need to strengthen our services.
- If our services are strong, even the people with wrong intentions will be forces to fall in line.
- Indian buyers/sellers have a habit of dealing with fake/real bill. GST will change that.
India gained independence but we are still fighting poverty: PM
- We all have the will to fight poverty. We may have different ways to tackle it.
- GST will enable every seller to have an account of his business. Banks will have no reason to deny them loans. GST's biggest strength is technology, real time data.
- GST will increase the production capacity of manufacturers, create more jobs for people.
Transparency through GST - The Centre, states, people will know how much money goes into public exchequer, government treasury: PM
The states which are considered to be underdeveloped will benefit from GST: PM- If these states want to fund education, manufacturing etc. will benefit.
- The eastern states which are considered backwards or underdeveloped need to be pushed to the forefront in nation's development.
- Yes, consumer states will benefit more, but the Centre will compensate the manufacturing states as stated in the GST bill.
Consumer is king, GST enables one law one service: PM
GST will give security to small scale manufacturers. They are the strength of our nation. The more we secure them, the more this country will benefit.
When I see the GST Bill from the eyes of a chief minister, after becoming the prime minister, I am able to understand the position of states better: PM Modi- The credit does not go to me, it does to all of us.
- We are able to remove many gaps in the bill.
- I would like to thank all the political parties that have come together for us to see this day.
- Didn't want GST to be passed via majority but consensus.
GST means Great Step Towards Transformation/Transparency: PM Modi
- One India-Great India a shared dream. GST means 'Great Step by Team India'.
- When we talk of security forces, digital India. All these weigh towards One India
GST Bill is the result of the contribution all political parties, governments of present and future: PM Modi
There is no need of an argument on who won and who lost when it comes to the passing of the GST bill.
PM Modi begins speaking on GST in Lok Sabha
PM Narendra Modi is expected to speak in the Lok Sabha on GST.
Though GST might be the reform of the century, it is too early to call it a game-changer: Veerappa Moily
Veerappa Moily On GST Bill- If there was political consensus, this law would've come long long back.
- But Congress is now here extending full support for GST
- This House has been taken for a junior party.
- Rajya Sabha is given more importance. Although we dont have grudges
- GST Council has to tackle all the states and Union Territories
Congress Leader Veerappa Moily On GST Bill
Future road map is that this is an enabling amendment. Three more laws have to be created. Two of those have to come before Parliament: Finance Minister Arun Jaitley on GST Bill
If one pays tax at one stage, they wont have to give another tax on that tax component. So tax on tax will be eradicated: Arun Jaitley in Lok Sabha
We brought in a key suggestion that we will compensate the loss making states for 5 years": Jaitley- We brought in a key suggestion that we will compensate the loss making states for a period of 5 years.
- First it was full compensation for the first 3 years and then partial compensation for the remaining 2 years
- But after subsequent talks and discussions it was decided that full compensation of losses will be given for the entire 5 years.
Arun Jaitley On GST BillToday, there are many taxes imposed by both the Central as well as the state government on goods. These lead to a complex process and slows down the entire mechanism and this is why it is important to have a single tax.
In 2006, the government wanted that this tax starts in India from 2010... but that could not happen. But suggestions kept coming in.
Arun Jaitley Speaking On GST Bill In Lok SabhaFinance Minister speaking on GST Bill in the Lok Sabha
GST Bill To Be Taken Up At 2 PM In Lok Sabha
GST Bill will be taken up at 2 PM in the Lok Sabha. The Prime Minister is likely to speak in the House at 6 PM.
Congress Walk Out Of Lok Sabha
Congress walk out of Lok Sabha in protest against atrocities faced by Dalits in the nation.
Rajnath Singh announces compensation on Kokrajhar Attack- An FIR has been lodged in the Kokrajhar police station.
- The state government has decided to compensate the families of those killed and injured in the attack.
- Families of those who died will receive Rs. 5 Lakh each
- Those who were seriously injured in the attack will receive Rs. 1 lakh each
- Those who had minor injuries will receive Rs. 20,000 each.
Rajnath Singh speaking on Kokrajhar Attack
HM Rajnath Singh speaking on Kokrajhar Attack
Home Minister Rajnath Singh speaking on Kokrajhar Attack amidst uproar in Lok Sabha.
BJP's Subramanian Swamy Talks About Building Ram temple In Ayodhya- Its necessary to have a discussion on building Ram Temple in Ayodhya
- In BJP manifesto,we had made a solemn assurance that as per the legal method, through the courts, we will find a solution
- Question has to be addressed that this matter has to be settled through courts.
- All parties agreed, there should be day to day hearing
Congress MP Pramod Tiwari on Cow Vigilantes- PM is looking for fake "gau rakshaks"
- I am telling him where real cow slaughterers are
- Why doesnt PM take action against Rajasthan Government?
Rajnath Singh to make statement on Kokrajhar in Parliament today
Home Minister Rajnath Singh to make statement on Kokrajhar in Assam in Rajya Sabha and Lok Sabha today.
D Raja on Kashmir - Situation in Kashmir is alarming
- Government should immediately stop use of pellet guns
D Raja speaking on Kashmir situation
We are ready for a discussion on unrest in J&K, says MA Naqvi
We are ready for a discussion on unrest in J&K, says MA Naqvi in Rajya Sabha in response to GN Azad & Sitaram Yechury
Sitaram Yechury speaking in the Rajya Sabha- Over 1000 incidents of firing in Kashmir
- Silence is only deepening the alienation
- Why are we using pellet guns, it's inhuman
- Even Israel does not use Pellet guns on Palestinians
- Government promised earlier that they won't use pellet guns, but we see that nothing has happened.
- An all party delegation needs to be sent to J&K
- PM needs to respond on the atrocities civilians are facing
Sitaram Yechury speaking on Kashmir situation
Ghulam Nabi Azad in Rajya Sabha on Kashmir - Kashmir situation is grim
- Kashmir unrest is not a law and order situation
- People are wondering why PM is silent
- Demand an all-party meeting on Kashmir
Congress raises Kashmir unrest issue in Rajya Sabha
Congress leader Ghulam Nabi Azad raises Kashmir unrest issue in Rajya Sabha
Congress gives notice in Rajya Sabha on Jammu and Kashmir unrest issue
Congress Strategy Meeting At 10:15 AM
Congress strategy meeting scheduled to take place at 10:15 AM today in the Parliament.
Click here to read the highlights on Day 15 of the Monsoon Session
Opposition parties have condemned Pakistan for not telecasting Rajnath's speech at the SAARC meet. The Home Minister spoke tough on terror at the meet which was held in Islamabad.
On Friday, the Parliament discussed Home Minister Rajnath Singh's visit to Pakistan for the SAARC meet.
GST Bill To Be Taken Up By Lok Sabha Today
Goods and Services Tax or GST Bill will be ratified by the Lok Sabha after it was passed by the Rajya Sabha. The Bill that amends the constitution to enable the GST reform was passed by the Rajya Sabha with a unanimous majority, after AIADMK staged a walkout last week. Prime Minister Narendra Modi is also likely to address the House.