NEW DELHI: Finance Minister Arun Jaitley today said it would be difficult to accept Congress’ demand to cap GST rate in a Constitution amendment bill pending in Rajya Sabha even as he remains hopeful of passage of the key bill.
He also said that there is scope to improve growth rate with reforms.
“Today, every State Government, including all Congress ones, is in favour of Goods and Services Tax (GST). You have every political party in Parliament which has said they will vote in favour,” he said at the India Today Conclave here.
The landmark legislation, the biggest indirect tax reform since Independence, seeks to replace a slew of central and state levies with a uniform GST rate to convert the country into a customs union.
“In the Lok Sabha, the Congress walked out, every other party voted in favour. The Congress party has now made a statement that it has only one issue about the Constitutional cap which is a little difficult because our tariff is not decided through Constitution amendment,” he said.
The Congress, the original author of the tax reform, has called the Bill pending in Rajya Sabha as “flawed” and wants the Government to cap the GST rate at 18 per cent. (AGENCIES)
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