Comparison of The GST Bill under UPA-2 and BJP
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Q. Compare the GST bill proposed by the UPA 2 and BJP. The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government, both Central and States, once it is implemented. The GST Bill was first introduced in the Lok Sabha, under the UPA II government, on 11 March, 2011, to amend the Constitution under the 115th Amendment. The purpose of the Bill was to give the Central and state government concurrent power to introduce laws on taxation of goods and services. The GST was to subsume CENVAT, CVD, SAD, VAT and various state taxes. It was referred to the Standing Committee on 29 March, 2011 but the Bill remained pending and finally lapsed with the dissolution of the 15th Lok Sabha. As the BJP Government came to power, the Bill was freshly introduced (with certain changes) by the NDA government in 2014, under the 122nd Amendment of the Constitution, in 16th Lok Sabha on 19 December, 2014. Below is a comparison of the bill of 2011 and 2014:
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The GST bill was first proposed by UPA 2 in 2011 but didn't pass. In 2015, a modified version of the bill was proposed by the BJP government.Here we compare the main features of the two versions of the bill.
Transcript of Comparison of The GST Bill under UPA-2 and BJP
Q. Compare the GST bill proposed by the UPA 2 and BJP. The Goods and Services Tax (GST) is a value added tax that will replace all indirect taxes levied on goods and services by the Government, both Central and States, once it is implemented.
The GST Bill was first introduced in the Lok Sabha, under the UPA II government, on 11 March, 2011, to amend the Constitution under the 115th Amendment. The purpose of the Bill was to give the Central and state government concurrent power to introduce laws on taxation of goods and services. The GST was to subsume CENVAT, CVD, SAD, VAT and various state taxes.
It was referred to the Standing Committee on 29 March, 2011 but the Bill remained pending and finally lapsed with the dissolution of the 15th Lok Sabha. As the BJP Government came to power, the Bill was freshly introduced (with certain changes) by the NDA government in 2014, under the 122nd Amendment of the Constitution, in 16th Lok Sabha on 19 December, 2014.
Below is a comparison of the bill of 2011 and 2014:
2011 bill 2014 bill
The Bill defined GST as any tax on the supply of goods or services, except taxes on the supply of:(i) petroleum crude(ii) high speed diesel(iii) petroleum(iv) natural gas(v) aviation turbine fuel(vi) Alcoholic liquor for human consumption.
The Bill defines GST as any tax levied on the supply of goods, or services, except taxes on the supply of alcoholic liquor for human consumption.
The Bill provides for the creation of the ‘Goods and Services Tax Dispute Settlement Authority’ to settle disputes between the central government and state governments resulting in any loss in revenue or affecting the harmonized structure of the tax.
The Bill has deleted the provision that creates a Goods and Services Tax Dispute Settlement Authority.
The bill required the set up a Goods and Services Tax Council, to ensure a harmonized structure of goods and services tax and to develop a harmonized national market of goods and services, with the members as:
i. the Union Finance Minister (as Chairman)
ii. Union Minister of State in charge of Revenue
iii. Minister of Finance or Taxation, or any other portfolio from each state
The Bill retained the objective of GST Council as defined in the 2011 Bill but for members of the GST Council it stated one of the members could be a Union Minister of State in charge of Finance or Revenue.
