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We Shouldn't Tax Our People Unnecessarily, Says Arun Jaitley[/caption]
Lauding Goods & Services Tax (GST) in Lok Sabha on Thursday, Union Finance Minister suggested that the practices of taxing citizens unnecessarily should be curbed.
ALSO READ:Once GST Is Rolled Out, Doing Business In India Will Be Easier: FM Arun Jaitley [WATCH LIVE]
On states' concern of facing loss due to passage of GST, Jaitley said " the shares of the States is important but we must all realise that India is a union of States, not a confederation."
ALSO READ:Target For GST Rollout Is April 1, 2017: Revenue Secretary
"We need strong Centre and strong States; we must collect as much tax as required for development, not tax our people unnecessarily, "he added.
After being subject to months of haggling and histrionics, the Goods & Services Tax (GST) finally had its historic day in the Rajya Sabha on Wednesday with the passage of the Bill to amend the Constitution.
The Rajya Sabha passed the constitutional amendment by two-thirds majority, as all parties, except the AIADMK, pledged support. The amendments moved by Jaitley were also put to vote. The Bill will now be returned to the Lok Sabha for its approval.
While speaking at the house, Jaitley further alleged that Infrastructure suffered during UPA regime.
Jailey said " UPA left a dead sector as far as National Highway constructions were concerned."