Manmohan Singh Hails GST Passage But Warns Of ‘Difficulties Ahead’
Former Prime Minister Manmohan Singh on Thursday hailed the passage of Goods and Services Tax (GST) bills by Parliament and sought to play down the fact that it could not happen during his tenure, saying "let bygones be bygones".
Even as he said that the new indirect tax regime could be a "game-changer", Singh cautioned that there could be "difficulties" in its implementation.
He pressed for constructive cooperation between the Centre and the states in resolving outstanding issues.
"There will be pitfalls. But we learn as we go along," he told reporters after Parliament approved four GST-supporting legislations, clearing the decks for the rollout of the historic indirect tax regime from July 1.
Asked whether he felt disappointed that it could not happen during his tenure, the former Prime Minister said, "I think, let bygones be bygones."
The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017 were returned by the Rajya Sabha by a voice vote as all parties were on board.
Also Read: Parliament Passes Four Bills To Pave Way For GST Rollout
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