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GST Implementation Hopes in Next Year: Jaitley

India has right to grow faster, achieve full potential; nobody has right to stop, halt or slow down the process, said the Finance Minister.

Published: 16th December 2015 11:11 AM  |   Last Updated: 16th December 2015 11:57 AM   |  A+A-

Arun Jaitley-Reuters

Finance Minister Arun Jaitley smiles during an interview. |File/ Reuters

After a prolonged tussle over the deadlock on Good and Services Tax (GST) bill in Parliament, Union Finance Minister, Arun Jaitely has said, the bill will hopefully be implemented by next year.

"India has right to grow faster, achieve full potential; nobody has right to stop, halt or slow down the process," Jaitley told PTI.

He said, if by sheer noise and disturbance, session after session Parliament is not going to function, then it will set precedence for all opposition in future.

Also read: FM Says Almost Certain GST Rate Will be Much Less Than 18 Percent

The fear of washout of Parliament's winter session seems to be on a better edge after the announcement of GST bill's implementation followed by the failure of talks between government and Congress Party officials.

A lunch meeting between government and party members of Congress did not lead to any resolution on the deadlock of the GST bill.

Congress party has earlier cleared its stand and said, the proposed GST bill is “anti-people” and hence it is unacceptable.

The party officials earlier said, the GST rate of 17-18 percent is not in the favour of traders and common man.

Congress said, the major products like alcohol, electricity, petroleum products and real estates should also to be brought under the calculation of taxes.

 

(With inputs from PTI)

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