Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

GST, tax code bills face stiff opposition
July, 27th 2010

With the main Opposition BJP gearing up for a confrontation with the government on a range of issues in Parliament, UPA managers are apprehensive of a fallout in its attempt to forge consensus on its ambitious tax reforms bills Goods and Services Tax (GST) and Direct Tax Code (DTC). The two bills are likely to be introduced in the current monsoon session.

The two bills will require the support of two-thirds of both Houses to go thorugh Parliament. Besides, they need ratification by 15 assemblies. In Lok Sabha, the requirement works out to 362 of the 543 members. In the Rajya Sabha, the two-third threshhold translates into the support of 162 members.

The first sign that the BJP may not play along came last week when BJP's top leaders, protesting against CBI's move against Gujarat home minister Amit Shah, skipped a lunch hosted by Prime Minister Manmohan Singh. Finance minister Pranab Mukherjee had recently admitted that it was not possible to pass the two bills without the support of the BJP.

To build a consensus, in the last two months, he had held zonal meetings with banking chiefs, clubbing them with one-on-one with all the chief ministers to create awareness on the importance of the proposed reforms and seek their support.

At the Centre, he already had a round of luncheon meeting with BJP top brass comprising former deputy PM L K Advani and leaders of Opposition in the two Houses, Sushma Swarj and Arun Jaitley.

However, the imbroglio over Amit Shah may be a calculated temporary move by the Congress, as some party insiders say, to break the Opposition ranks on price rise. The government has enough time at hand.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting