The GST Bill, which will bring India under a unified tax regime for the first time, was quite on path to meet its April 2016 deadline but now a political deadlock could see it getting derailed.
As a publication reported last month, there are 32 bills that need to be passed with 6 bills, including the GST Bill just needing to be passed in the Rajya Sabha. If the monsoon session is washed out, the GST Bill could find itself stuck in limbo till parliament convenes next in the Winter session.
In a blog post earlier this week, ‘Dissent or Disruption – The Congress Party’s Position on GST’, Finance Minister Arun Jaitley has squarely blamed the Congress, the main opposition party of adopting an “obstructionist attitude”.
“Is it only out of an obstructionist attitude that the Congress Party has adopted a negative role? Since Parliament is not functioning and there is no way to clarify these points before the same, I am constrained to place the above facts in public domain. The Congress Party and its leader may be upset with the Government for political reasons. They may be upset with the electorate for the 2014 verdict. The Congress Party should accept and seriously introspect after having ruled the country for the longest period of time, that negativism hurts the country. Should its obstructionist tendencies inflict an economic injury on the country?” wrote the minister.
The GST Bill has been eagerly awaited by e-commerce companies who feel it will bring rationalization and simplification of taxation as well as reduce supply chain problems when goods move across state boundaries.
Implementation of GST a boon for e-commerce sector
But the effects of GST go beyond just retail as it would also have direct or indirect impact across sectors.
E-commerce players keen for the govt to bring reforms in GST