Senior BJP leader Dr. Subramanian Swamy wrote to the Prime Minister requesting for time to address the BJP Parliamentary Party to explain his stand on two issues:
Amendment to the Prevention of Corruption Act, especially the deletion of Section 13(1)(b)(iii).
He said that the current GSTN ownership structure, with Private entities holding 51% is against the national interest. Furthermore, he said that this new structure has not been placed for security clearance before the Home Ministry, which is a violation of the established procedure of Transaction of Business Rules.
As for the prevention of Corruption Act, he said that amending this section would give an easy loophole for Ministers to escape their responsibility for going against Public interest. He further expressed the concern that one of the Ministers is actively campaigning for this anti-national provision and trying to get it passed in the forthcoming Parliament session.
Dr. Swamy wanted permission to address the BJP Parliamentary Party on both these issues and explain why both GSTN and the Amendment are against National interest. He said he was open for rebuttals from any members, if any.
A copy of the letter is reproduced below:
Here is an in-depth look at GSTN from our site. GST is a broad-based, comprehensive, single indirect tax which will be levied concurrently on goods and services across India. It will replace most of the Central and State indirect taxes such as Value added Tax (VAT), Excise Duty. Service Tax, Central Sales Tax, Additional Customs Duty and Special Additional Duty of Customs. GST will be levied at every stage of the production and distribution chains by giving the benefit of Input Tax Credit (ITC) of the tax remitted at previous stages; thereby, treating the entire country as one market. Introduction of Goods and Services Tax (GST) in India is perceived to be the most ambitious initiative in the arena of indirect tax reform. It would change the Indian tax structure and pave the way for modernization of tax administration.
Already GST bill has been approved by both the houses of Parliament and getting approved by State assemblies. It needs fifty percent or 15 assemblies to approve for getting Presidential assent.
- Indo-US top Defence brass discuss about exchange and co-operation in the Indo-Pacific region - July 30, 2021
- July 28th, Wednesday, Daily Global Insights Headlines - July 29, 2021
- India and United States reaffirm commitment to strengthen democratic institutions. Blinken meets Dalai Lama’s representative - July 28, 2021