FM will lose right to impose new taxes post-GST: Oppn
The post must be renamed as expenditure minister: NCP leader Jayant Patil
Claiming the finance minister will lose rights to impose new taxes and as he has no work remained about financial planning after Goods and Services Tax (GST) will be implimented, Jayant Patil, senior member of opposition Nationalist Congress Party (NCP) has said the FM must be renamed as expenditure minister.
On a second day of special session of state legislature called to ratify GST bill, the debate continued on main Maharashtra State Goods and Services Tax (SGST) bill.
Starting the debate Patil demanded that the state should form a GST study group for a period of five years. “All stakeholders, chartered accountants, lawyers, sales tax commissioner, Municipal Corporation commissioner be the member of such committee. They will look into and sort out such issues that might become hurdles for traders and stakeholders after GST will be imposed,” said Patil.
“Another committee must be instituted comprised of chief minister, finance minister, leader of opposition of both Houses, group leaders of all political parties to look into other matters,” the
former finance minister suggested during the debate. He said that there should be mechanism to sort out issues of stakeholders.
While inviting attention of the House towards harsh provision for traders to file three different tax return every month, Patil said, “After GST, traders will have to file total 36 returns for 21 months and one annual return. If he will be busy in filing returns only, he/she can not focus on growth of business and hence, this provision must be diluted or removed from the bill.”
He the demonetisation move as big failure of the BJP government.
“People do not know the fact about how many currencies BJP has printed. Someone said 12 lakh crore whereas other said 16 lakh crore. Whatever it may be, BJP government had spent Rs 30,000 crore for the printing of new currencies,” Patil claimed. “Opposition has demand to announce waive off loan of farmers which will need Rs 30,000 crore, but Devendra Fadnavis is still doing study of the proposal,” he said.
Patil said, People and traders who had voted BJP, are fed up with false assurance of Fadnavis and Narendra Modi government.