Modi, sources said, has also asked his senior ministers to ensure a full house on Tuesday when the Lok Sabha takes up the bill for the passage.
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The passage of GST Bill has been widely expected to be a harbinger of change for the real estate sector which is now plagued with a myriad of indirect tax issues both at the centre and state level.
The Constitution (122nd Amendment) Bill, 2014 on GST has already been passed by the Lok Sabha.
“GST is an important milestone in the reforms of indirect taxes in India and the state government is in favour of GST”, finance minister Pradeep Amat said here. The BJP and its allies are in power in 13 states.
GST to be tabled in Lok Sabha on Monday. It will also have to be approved by 50 per cent of all the state assemblies. “We must trust the sense of responsibility of the states who belong to the same political parties as us”.
A whopping 4700 Crore is the loss estimated per year for the state government of Andhra Pradesh if GST (Goods & Service Tax) comes into force, said state finance minister Yanamala Ramakrishnnudu.
The government is hopeful that the required bills, connected with the implementation of GST, will be taken up for passage during the winter session of parliament.
The Finance Minister said the GST would serve the interest of the federal system in the best possible manner.
Instead of goods being taxed multiple times at different rates, under the new GST regime goods would be taxed at the point of consumption. “The thought which was started during Vajpayee government regime has become reality”, Chief Minister Laxmikant Parsekar told the State Legislative Assembly while opposing the cut motion moved to the Demands for Grants for Commercial Tax Department.
These formalities apart, the parliament will have to pass relevant bills for a Central GST and an integrated GST, while the states will have to enact their own legislations for a State GST.
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The BJP leader said that during the meeting, the GST issue is also likely to figure.
