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Next parliamentary session crucial; GST deadlock may break: Jaitley

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arunjaitleyNew Delhi:Finance Minister Arun Jaitley on Saturday hoped the Goods and Services Tax (GST) Bill will be passed during parliament’s budget session beginning next month as the numbers in the Rajya Sabha would favour the government by then.

He also said that retrospective taxation scares away both domestic and foreign investors who wish to invest in the country.

“Among the states, there is a complete consensus now (on the bill). Between political parties, it is no secret that there is virtually a consensus… everybody supports it but parliamentary obstructionism has prevented it from happening in the last few sessions,” Jaitley said while addressing trainee officers of the Indian Revenue Service here.

“The next session is going to be extremely important; halfway through the next session, the numbers (of members of different political parties) in the upper house (Rajya Sabha) are also going to change. I am reasonably optimistic as far as the next (parliament) session is concerned… that we may be able to push the bill through,” he added.

The budget session of parliament will begin in February-end. The GST Bill was passed in the Lok Sabha in May 2015.

The government is expecting improved numbers in the Rajya Sabha in April 2016 since a number of Congress members are retiring in March and April next year.

In March, five nominated members of the upper house are retiring. The BJP-led government will get to nominate new members.

Jaitley said after the Rajya Sabha’s nod to the bill, three more bills were required and these had been worked out.

“We are in a state of readiness as far as those legislation are concerned, which will have to be passed by the central government and one by the state governments,” the minister said.

He said implementation of GST was already late in the country.

Regarding the retrospective tax, he said: “If you ask me four-five years later regarding the Income Tax Act’s provision for retrospective tax, whether it helped or hurt India, my answer is very clear: They hurt India.”

“At the end of the day, we were not able to collect those taxes and we scared the investors away. Investors want stability, they want predictability. This applies to both domestic and international investors. When they put in their money, they want to know how much tax they will be charged. They don’t want to invest in a jurisdiction where there is uncertainty,” Jaitley added.

Jaitley said that maintenance of fairness in taxation was also important.

“If we lean either way, we may unfairly lose revenue or may unfairly tax an assessee. Unfairness either way has to be avoided,” the finance minister said.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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