Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Apr 06, 2017

Manmohan Singh Hails GST Passage But Warns Of ‘Difficulties Ahead’

The former prime minister pressed for constructive cooperation between Centre and states.

Manmohan Singh Hails GST Passage But Warns Of ‘Difficulties Ahead’
Manmohan Singh, former prime minister, delivers a speech at a plenary session of the House of Representatives (Photographer: Haruyoshi Yamaguchi/Bloomberg)

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

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com