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  3. Rajya Sabha Select Committee endorses almost all the provisions of GST Bill

Rajya Sabha Select Committee endorses almost all the provisions of GST Bill

23 Jul 2015 Evaluate

GST Bill has finally won majority support of the Rajya Sabha Select Committee, which endorsed almost all the provisions, while also agreeing to demands for five-year compensation to states. The committee, headed by BJP's Bhupender Yadav, in its report submitted to the House suggested changes in clauses 9 pertaining to compensation and levy of 1 percent additional tax by the states on inter-state supply of goods. The panel felt that the 1 percent additional inter-state tax may lead to cascading of taxes, and may call for clarifying Clause 18 to prevent that.

The panel while, endorsing 19 provisions like keeping alcohol out of the regime and leaving it to the council to decide levy on petroleum products, retained the representation of the Centre and States in the GST Council at the proposed level at one-third and two-thirds.

The provision in the current Bill states that the Central government “may” compensate states for a period of up to five years for any revenue loss.  The report has suggested that this be substituted with a commitment to compensate for five years. This would mean 100 per cent compensation, compared to 100 per cent revenue compensation in the first three years.

Though, the majority of the committee members endorsed almost all the GST Bill provisions, Congress, AIADMK and Left parties gave notes of dissent. In its dissent, the Congress favoured a simple 18 per cent GST on all goods including petroleum products and alcohol and opposed states being given powers to levy one per cent additional tax. On the same time AIADMK and Left parties in its notes termed some of the provisions as impinging on the legislative sovereignty of both Parliament and state legislatures.

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