Budget Session of Parliament LIVE: After fiery Zero Hour, Lok Sabha adjourned till 2.40 pm

Mar, 09 2017 IST

  • 21:48 (IST)

    We are seeing history in the making: Jaitley on Lok Sabha passing GST bill

  • 21:38 (IST)

  • 21:36 (IST)

    PM Narendra Modi hails passage of GST bill

  • 20:53 (IST)

    Three of the four GST bills passed in the Parliament

  • 20:18 (IST)

    Jaitley concludes govt stand on new tax regime, requests House to pass it as is

    Arun Jaitley said that the government has strived to ensure that the GST council is representatve of everybody's interest and the body debating the draft of the bill also included representatives from each state.

    "Council will be a permanent body with a political complexion that accommodates everyone and has representatives from every state. Therefore I request the House to pass the bill unanimously drafted by a representative council as is," Jaitley said.

  • 20:15 (IST)

    No tax on agriculture under GST regime: Jaitley

    Jaitley sought to reassure the Lok Sabha on the changing tax regime as far as foodgrains are concered. The finance minister said that Agriculture as and industry and foodgrain have always remained exempt from taxes and they always will. 

  • 20:08 (IST)

    Arun Jaitley says no precedent of a taxation bill not being a money bill

    "This law seeks to replace the Central Excise law, Service Tax law etc and consolidates them into one. So here is a taxation law that alters the tax regime and replaces existing tax laws then how come it won’t be a money bill," Jaitley asked.

    He said he was ready to sit and wait for the Opposition to point out even one precedent when a taxation bill has not been treated as a money bill.

  • 20:05 (IST)

    Oppn alleges govt made GST bill a money bill only to override Rajya Sabha, where BJP does not enjoy majority

  • 20:03 (IST)

    Watch: Arun Jaitley respond to Oppn in Lok Sabha

  • 20:02 (IST)

    Anti-profiteering clause a must in GST bill to check inflation: Jaitley

  • 19:57 (IST)

    I didn't make this law, it was 7 Congress finance ministers who did: Arun Jaitley

  • 19:56 (IST)

    Compensation package was introduced only to bring on-board the manufacturing states: Jaitley

    Jaitley said that the council introduced the provision of a compensation package only for the benefit of manufacturing states as we saw that the transition to GST would affect them adversely while it benefited the consuming state.

  • 19:48 (IST)

    For one commodity their will be one rate of tax in the country: Arun Jaitley

    Jaitley said that one commodity will have a single rate of tax across the country, but it is not necessary that two different commodities enjoy the same rate of GST.

  • 19:43 (IST)

    Arun Jaitley responds to Congress' objection says parliament's right to form legislation plenary

    Jaitley said that the idea that we can deviate from GST council's recommendations is problematic and ill advised as the laws will keep changing depending on the colour of the political party in power. Therefore to protect the structure of federalism that the government is trying to implement it is imperative that the GST council has the power to decide on taxation issues.

    However, the finance minister added that the Parliament will have the power to send back a suggestion for reconsideration. He also reassured the House that the power to form a legislation is plenary to the Parliament.

  • 19:38 (IST)

    Congress questions the amount of power GST council will wield, says Parliament will no longer have power to debate/ amend taxation laws

  • 19:36 (IST)

    INC leader Veerappa Moily, interrupts Jaitleys speaks, asks if GST council is supreme power, who will protect the funds

  • 19:34 (IST)

    Arun Jaitley defends GST bill after Oppn arguments, says goods will slightly become cheaper after new tax law

  • 19:30 (IST)

    Greater impetus will be on self assessment under GST: Jaitley

    Arun jaitley told the Lok Sabha that the new tax regime is designed in a way that larger impetus is placed on self assessment of tax for the people, barring limited cases of audits. He said this will not only simplify the tax filing process but do away with multiple layers of taxation for the common man.

  • 19:25 (IST)

    GST will aide free flow of goods and services across the country: Jaitley

    "There is no free flow of goods and services in the country. The objective of the new tax regime was to establish such a system that when goods and services flow across company, taxes are levied at a uniform rate and a single window," Jaitley said. 

  • 19:22 (IST)

    Finance Minister Arun Jaitley responds to Oppn on GST

    Jaitley started off by thanking the members of Opposition for engaging in a debate. He then pointed out that the debate was crucial as once the GST bill becomes an act, it will drastically change the tax regime in the region.

    Jaitley also said that multiple window taxation system has ailed the economy since long and must be fixed in favour of the common man.

  • 18:34 (IST)

    Bishnu Pada Ray terms Narendra Modi 'Bharat ka hero'; has sycophancy got no limits?

    Bishnu Pada Ray, BJP member from Andaman and Nicobar Islands was all praise for prime minister Narendra Modi. He termed Modi "Bharat ka hero" and Arun Jaitley and other ministers as "ratan - Sab ke sab ratan." Clearly, sycophancy has no limits.

    He also said that the UPA couldn't implement GST was its failure.

  • 18:24 (IST)

    Joice George warns with GST Council, Parliament won't have power to decide tax rate


    Independent member Joice George from Idukki wanted to know under what category will spices be in.


    He too raised concerns about the GST Council taking over Parliament's powers to fix the tax rate.


    "We will not have any say on the tax imposed on the common man," he said.

  • 18:07 (IST)

    NK Premachandran raises concerns over GST Council getting arbitrary powers 


    NK Premachandran of RSP accused the BJP of toppling UPA's efforts bring about the reform and taking advantage now to impelement them.


    "The BJP, then principal opposition, opposed it only on political considerations," he said.


    According to him, the present GST Bill abrogates the powers of the state governments.


    He quoted from an article by renowned economist Prabhat Patnaik and asked whether we should sacfricice a basic feature of our federalisation for an uncertain gain?


    Also with the right to decide the tax rate being vested with the GST Council, the supremacy of Parliament in violation of Article 265.


    GST Council is getting artbitrary powers, he said.

  • 17:55 (IST)

    Rajiv Satav warns if not adequately prepared, GST may become demonetisation-like disaster


    Rajiv Satav of the Congress reminded prime minister Narendra Modi what he said about GST implementation when he was Gujarat chief minister.


    As the chief minister, Modi had warned that without the technological backbone, GST implementation is not possible.

    Is the present government prepared on this front yet, Satav asked.


    He also cautioned that if it is not ready technologically, the implementation may turn out to be as disastrous as demonetisation.


    He also reminded that it was the UPA that lighted this candle, not the UPA.

  • 17:45 (IST)

    Trinamool's Saugata Roy says businesses not prepared yet, let's not hurry 

    Saugata Roy of the Trinamool Congress said he is supporting the bill with a lot of reservations, with a heavy heart. It is a transgression into the powers of Parliament. GST Council will have more powers on taxation. The states' freedom is curtailed too.


    Explaining why his party supported the reform, he said it was thought that the GST would benefit the people. It will bring down tax-related inflation and taxes themselves. 


    One nation one tax is a BJP-like slogan. But it is not one tax under GST, he pointed out. The rate starts from 0 percent and goes beyond 40 percent.

    In the EU, different countries have different rates. "We should have GST experimentally with reservations," he said.

    Moreover, there is no clarity on where will the money for compensating states come from.

    Just like Moily, Roy too warned of a turf war between states and the Centre on tax revenue.


    "The Centre seems to be in a hurry. In a hurry, you have not yet fixed the rates. There are more than 4,000 rates. Basic questions have not been answered. Business is totally unprepared for GST. They do not what tax they will pay," he said. 

    Let's not hurry, says Roy.

  • 17:45 (IST)

    Trinamool's Saugata Roy says businesses not prepared yet, let's not hurry 

    Saugata Roy of the Trinamool Congress said he is supporting the bill with a lot of reservations, with a heavy heart. It is a transgression into the powers of Parliament. GST Council will have more powers on taxation. The states' freedom is curtailed too.


    Explaining why his party supported the reform, he said it was thought that the GST would benefit the people. It will bring down tax-related inflation and taxes themselves. 


    One nation one tax is a BJP-like slogan. But it is not one tax under GST, he pointed out. The rate starts from 0 percent and goes beyond 40 percent.

    In the EU, different countries have different rates. "We should have GST experimentally with reservations," he said.

    Moreover, there is no clarity on where will the money for compensating states come from.

    Just like Moily, Roy too warned of a turf war between states and the Centre on tax revenue.


    "The Centre seems to be in a hurry. In a hurry, you have not yet fixed the rates. There are more than 4,000 rates. Basic questions have not been answered. Business is totally unprepared for GST. They do not what tax they will pay," he said. 

    Let's not hurry, says Roy.

  • 17:12 (IST)

    Poonamben Maadam says the Bill is NDA's political magnanimity, sees holistic development


    Poonamben Maadam, BJP MP from Jamnagar, is doing what her party colleagues do the best - eulogise the Modi administration.


    "It's the political magnanimity of government to take this initiative. Holistic development of nation assured," she says.

  • 17:10 (IST)

    Sirajuddin Ajmal seeks special attention for North Eastern states


    Sirajuddin Ajmal a member from Assam pointed out that all the countries that implemented GST has seen societal unrest. There has been spike in inflation.


    It seems the government wants to kill small businesses and help the big businesses, he said. 


    This is in keeping with the complaints from many small and medium business enterprises, which have expressed their concern that the tax reform will have a negative impact on their financial health.


    "There are many objections from trade organisation as every month 3 registration have to be done. Many traders have made representations but none have been heard," Ajmal said.


    He also urged the govenrment to give a special attention to North Eastern states just the way J&K is given.

  • 16:53 (IST)

    Ram Kumar Sharma says petroleum is cash cow for govts, bring it under GST


    Ram Kumar Sharma Khushwaha of the Rashtriya Lok Samata Party says the classification of goods is still unclear. He urges the government to bring petrol products under GST and decide a timeframe by when.


    "Petroleum has not been brought under GST and it will be brought under the regime. When will it be brought under ambit GST should be known," he said adding petroleum is cash cow for governments.


    "If it is not bought under GST ambit then one country one tax will not hold true. Until then the progress that the government is talking about will not come.

  • 16:43 (IST)

    Poonam Mahajan's spirited support of the Bill, uses Akbar-Birbal story to drive point


    Poonmam Mahajan makes a fervent speech in support of the GST Bill.


    She says one nation one tax is going to be a reality with the Bill. 

    "There have been various opposition to the reform. I am surprised whether they are interested in progress in their states," she said attacking the opposition.


    She even narrated an Akbar-Birbal story. 

  • 16:02 (IST)

    Supriya Sule raises worries over data leak from GSTN, seeks precautionary steps


    Supriya Sule raises another major concern - data leak.


    Sule pointed out GSTN will possess all the data of the taxpayers.


    "What are the steps you take to protect the data?" she asked reminding that any data theft will cost the country dearly.


    She also said there are many hiccups in GST and also sought to know what could be exact impact of the reform on GDP and FDI?

  • 15:53 (IST)

    Varaprasad Rao urges govt to not impose high tax on drinks like Pepsi, consumer durables 


    Varaprasad Rao of the YSR Congress Party asks are there any plans to bring alcohol and petroleum products within the ambit of GST? 


    He also wants the government to look at the additional cess on consumer durables as this will affect common man. According to him the total cess may even touch 48 percent. 


    He also urged the government to not levy higher cess on aerated drinks like Pepsi as this impacts even the common man.

  • 15:40 (IST)

    Mulayam Singh Yadav brings up farmer suicides, rural issues. Slightly out of place?

    Mulayam Singh Yadav of the Smajwadi Party brings up the issue of farmer suicides.


    "GST does nothing for the rural population. Can the govt bring a legislation to tackle farmer suicides?" asks he and digresses completely. Ramen Deka, who is in chair, intervenes to remind him that GST is the subject of discussion.


    "Mulayamji, GST mein aayiye," Deka said.

  • 15:29 (IST)

    GST will increase the inequality between the rich and the poor


    Mohammed Salim of CPM attacks the GST Bill saying it will only increase the inequality between the rich and the poor.


    "Unifying tax but dividing people," he said. He said the reform will localise principles and universalie the markets.


    GST is an indirect tax which will impact everybody equally, the rich and the poor. This is why it increases inequality.

  • 15:14 (IST)

    Vishweshwar Reddy of TRS compares Bill to ugadi pachadi - khatta, meetha and kadva


    Konda Vishweshwar Reddy of Telengana Rashtra Samithi makes the best comparison of the GSt Bill - it is like ugadi pachadi- khatta, meetha and kadva.


    "But it's healthy and wholesome," he says.


    He goes on to explain how the Bill has some positives and negatives of the reform.


    As for the meetha, the GST Bill is ushering in a new era.


    According to him, tax compliant hospitals and builders may have a competitive disadvantage. "This can be bitter."


    As for kadva he points out there could be an increase in tax inspections. "This goes against PM's maximum governance, minimum government," he says.

  • 15:03 (IST)

    AP will loose 2000 Crore annually due to GST: TDP MP Jayadev Galla

    While lauding the overall GST tax regime, the TDP MP pointed out that the GST will benefit the consumer states, it will add to the agony of other states, including Andhra Pradesh.

    The MP said that the Centre must look at the pathetic fiscal condition of AP, post the division of the state, and compensate it accordingly. He said that the Telegu state will lose as much as Rs 2000 Crore annually.

  • 14:57 (IST)

    TDP MP Jayadev Galla lauds Arun Jaitley for tax reforms, says no power can stop GST from becoming reality

    Lauding Arun Jaitley for making way for a new tax regime, TDP MP Jayadev Galla said that with GST ready to be rolled out, India will leave behind many nations, including China. He also said that with the constitutional supporting amendments passed, there was nothing that could stop GST from becoming a reality.

  • 14:41 (IST)

    Bhartruhari Mahtab says GST will increase compliance costs

    Bhartruhari Mahtab is concerned that GST will increase the compliance costs.

    This is not in spirit of ease of doing business, he says.

    He also pointed out that agriculture is being taxed being calculated with our other solurces of income. "Can we deny it?" he asks. According to him, four states were agains this but their this was brushed aside.

  • 14:27 (IST)

    Bhartruhari Mahtab asks what is need for anti-profiteering clause? What is competition law for?

    Bhartruhari Mahtab of the Bju Janata Dal is questioning the rational behind the anti-profiteering clause in the GST Bill.


    'We have a competition law in the country. Why is the anti profiteering provision necessary? What is the Competition law for?" he asks.

  • 14:18 (IST)

    Bhartruhari Mahtab of BJD says expecting too much from Bill will be illusory


    Bhartruhari Mahtab of the Bju Janata Dal feels it will be illusory to expect too much from GST.


    "GST hinges on revenue neutral rate. These are now fixed at 0, 5, 12, 18 and 28 percent and above. We will know only after the first year if it's revenue neutral or not," Mahtab says.

  • 14:10 (IST)

    Trinamool's Kalyan Banerjee says 1 July is not the ending, pushes for 1 Sep deadline

    Trinamool Congress's Kalyan Banerjee says his state has stood up for marginalised and needy. "West Bengal pushed hard for GST and threshold to be raised so that small traders are kept out of the ambit of GST," he said.

    He stresses for the need to give time for businesses to prepare for the reform. 

    The rate structure. Unless the industry is informed about the rates and sufficient time is given, it will be difficult for them to prepare for the rollout, he says.

    "1 July is not the ending," he says pushing for a 1 September deadline.

  • 13:56 (IST)

    Will the commercial tax department become redundant, asks AIADMK's Venkatesh Babu

    AIADMK's Venkatesh Babu asks a pertinent question.

    Will the commercial tax dept be made redundant by GST? What will happen to the staff in the department? Will they lose jobs?

  • 13:52 (IST)

    AIADMK's Venkatesh Babu raises issues Tamil Nadu faces; pegs state loss at Rs 9,270 cr


    AIADMK's T G Venkatesh Babu says the GST is indeed the biggest reform the country is witnessing.


    He points out that industries like banking, insurance and e-commerce should have another chance to resolve any issues.


    However, he raises the concerns of Tamil Nadu about the impact of proposed reform on the fiscal economy. 


    "It is quite clear that a manufacturing state like Tamil Nadu will permanently lose revenue if GST is implemented." He estimates the extent of revnue loss for the state under GST at Rs 9,270 crore.

  • 13:41 (IST)

    Udit Raj says onus not on BJP for the Rs 12 lakh cr loss on account of delay 


    The Rs 12 lakh crore loss incurred due to the delay in implementation of GST Bill is not on the BJP's account. Veerappa Moily had earlier said that it was the UPA which introduced the Bill and the BJP had then opposed then. The delay on account of this had resulted in a Rs 12 lakh cr loss for the country.

  • 13:29 (IST)

    Udit Raj counters Moily, says the Bill won't abrogate State's powers

    BJP member Udit Raj counters Veerappa Moily's contentions on the NDA's GST Bill. 


    He doesn't believe that the GST Bill will abrogate the powers of the state. 


    "I disagree that power of states will be abrogated. The state governments have agreed to GST," he says.


    The reform will bring in uniformity in the country by doing away with different kinds of indirect taxes.

  • 13:21 (IST)

    Veerappa Moily terms the Bill a technological nightmare; one tax one nation is a myth 

    According to Veerappa Moily, GST will be a technological nightmare. "Officials implementing it will suffer. No ad-hoc provision to make payment, give credit," he says.


    He wants the tax payers to be educated, made aware of the new system. "One tax one nation is a myth," he says.


    He points out that the common man will have to file multiple forms. He urged the finance minister to explain how the compliance can be simlified.


    "The intentions can be good but you are bringing anarchy into the country. There will be turnf war between the states and the Centre," Moily says.

  • 13:06 (IST)

    Veerappa Moily reminds of US developments, says Indians have a chalta hai attitude 

    Moily reminds the members of the developments on the immigration front in the US under Donald Trump. He says how a Federal Court there took a stance against the new laws. Moily says the reaction in India is nothing like there. "We have a chalta hai attitude," he says.

    May be the Opposition parties themselves should do an introspection on what is happening in India. Don't they have a chalta hai attitude?

  • 12:59 (IST)

    This is not a game-changer as it is made out to be, Veerappa Moily on NDA's Bill 

    Veerappa Moily notes that there are too many rates in the present Bill. In fact, there are seven rates including the cesses, he points out.


    "This is not a game-changer as it is made out to be," Moily says.


    This is indeed an issue many experts have raised. But the question is will a country like India with varied economies be able to have a single rate at all?

  • 12:53 (IST)

    Political gamble over the Bill cost Rs 12 lakh cr; Veerappa Moily asks who will make up?

    The Congress's Veerappa Moily says Political gamble over GST Bill has cost India almost Rs 12 lakh crore. "We should rise above politics. Who is to make up for this loss?" he asks.

  • 12:48 (IST)

    Veerappa Moily says BJP opposed the bill when UPA launched; people lost their money

    The Congress's Veerappa Moily says the UPA introduced the Bill and the BJP, then in the opposition, opposed the bill. This delayed the bill by 7-8 years. The political parties did not take the interests of the citizens into consideration.

    "As a result the people of the country lost Rs 12 lakh crore," he said.

The second half of the Budget Session will resume in the Parliament on Thursday as politicians and common people wait with bated breath for the results of the elections in five states.

We'll have to wait and watch whether the results of the polls in Uttar Pradesh, Punjab, Goa, Manipur, and Uttarakhand will affect the proceedings in both the Houses of Parliament.

What is likely to affect Parliamentary proceedings is the issue of attacks on Indians in the US and the anti-terror operation in Lucknow, which will be raised in Parliament on the first day of the second-half of Budget Session, the Congress had said on Wednesday.

Representational image. PTI

Representational image. PTI

Congress leader in Lok Sabha Mallikarjun Kharge told IANS that on Thursday, the party will raise the issues of attack on Indians in the US and the anti-terror operation of Lucknow, in which a youth was killed, as well as the bomb blast in a train near Bhopal.

"On Thursday, these two issues will be raised. We will decide on other issues to be raised in rest of the session later," Kharge had told IANS.

Home Minister Rajnath Singh is expected to make a statement on both issues on Thursday, according to informed sources in the Home Ministry.

Meanwhile, Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi had said that the government is prepared to take up any discussion opposition parties want.

"The government is prepared to discuss all issues raised by the opposition subject to permission of the presiding officers," Naqvi had said.

The minister had told IANS that pending bills, including the ones relating to Goods and Services Tax and Enemy Property, are among those on the government's agenda.

"There are 20 new bills on the agenda of the government," Naqvi had told IANS.

Leaders from different parties felt that the mood of the session will depend on the results of assembly elections in five states.

Asked about it, Naqvi did not deny the possible impact of the results of assembly polls to five states on the session.

Meanwhile, Hindustan Times reported that leaders from the Opposition are also talking with the Shiv Sena, BJP's ally in NDA, to join the Opposition on a "case-to-case" basis to criticise the BJP.

"The Sena has seen how the BJP has crept into its turf in Maharashtra in the last civic body polls. The Sena wants to be more vocal against the BJP on a number of issues even as it is a part of the NDA government," the report quoted a leader as saying.

With inputs from agencies


Published Date: Mar 09, 2017 01:43 pm | Updated Date: Mar 09, 2017 01:43 pm