Thursday, 16 August, 2018

Samajwadi Party to attend GST launch event, says 'want no controversy'

Congress party which was internally divided over its decision to boycott the GST launch event is now finding it difficult to unite opposition parties under one umbrella Samajwadi Party to attend GST launch event, says 'want no controversy'
Johnnie Parks | 05 July, 2017, 16:48

Trinamool Congress chief and West Bengal CM Mamata Banerjee was the first to announce she won't attend the midnight function.

India's biggest tax reform since Independence, GST rolled out past midnight Friday in the precincts of the hallowed Central Hall of Parliament to usher in a new indirect tax regime in an event that sought to evoke memories of the famous "Tryst with Destiny" night the country got freedom in 1947.

The party said that it will attend the government's midnight launch of the GST.

Congress leader and former Union Finance minister P Chidambaram on Saturday said that the goods and services tax (GST), which became effective from Saturday, will lead to inflation and asked what precautions the government has taken to contain that.

The state governments of different parties approved the rates.

Earlier, main opposition party, the Congress, along with TMC, RJD and Left supported the passage of GST bill.

Chidambaram said a "peculiar arrangement" has been made in the name of compromise and the law was being hastily implemented while the traders and business wanted some more time because they were not prepared for it yet.

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In the present form, GST was not a one-tax measure.The BJP government has introduced seven to eight rates of taxes after fixing the standard rate at 18% as against 15-15.5% recommended by the Chief Economic Adviser, Mr. Chidambaram said. Moreover, its boycott of the midnight meeting will not reflect badly since it would register its protest on a host of issues like farmer suicide, lynching, price rise and unemployment.

Congress opposes roll out of GST, alleging Modi to forget his own words said in an interview few years back, by posting an old edited video.

Talking to mediapersons after the commencement of the three-day long Textile India 2017 exhibition, Mr Naidu said the efficiency, background and commitment with the Constitution is the main criteria for the selection of a candidate for the presidential polls, however, it is unfortunate that the Congress is giving it a colour of theoretical rivalry before the entire nation.

"Goods and Services Tax (GST) is transformatory and revolutionary taxation system", he added.

"We are moving away from the multiple taxes".

Image: Official Twitter handle of Arun Jaitley and Venkaiah Naidu.

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