GST legislation likely to be passed in next session: Official


Government is making all efforts and trying its best to create consensus for smooth passage of the Goods and Services Tax (GST) bill, a senior Finance Ministry official said. “The government of the day is making all out efforts and trying its best to create consensus for the smooth passage of GST and the upper house of Parliament would be able to pass the legislation in the forthcoming session of Parliament”, Ajay Tyagi ,Additional Secretary in Finance Ministry said at an event here. He was addressing a seminar on National Agriculture Market, a release by PHD Chamber said. Tyagi further pointed out that bringing about uniformity in taxation and other areas of economic engagement is one of the prime objectives of the Modi government, the release said. With the passage of much talked about GST, the distortions in goods and services would disappear, he said. “It would also make sure that multiple taxations including variant mandi taxes be rationalised after GST is enacted as it would also facilitate to bring about a placement of single national agriculture market in the country to enable farmers to obtain the maximum gains of their produce,” he added. Executive Director, Commodity Derivatives Market Regulation, Sebi S K Mohanty said national agriculture market for which the government has made a beginning would be conclusive in due course of time. Efforts are afoot to integrate over 500 mandis in the country through electronic mode, he said.