Television

IBF welcomes special Parliament session on GST

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MUMBAI: The Indian Broadcasting Foundation (IBF) has welcomed the government's proposed plan to hold a special Parliament session to pass the Goods and Services Tax (GST) Bill as it is likely to usher in greater transparency and consistency making compliance easier.



According to reports, the government is looking at holding the special session for  the Constitution (One Hundred and Twenty Second) Amendment Bill, 2015- or the GST Bill, in the second week of September. The government has also initiated talks with all political parties to get the requisite 2/3 majority in Rajya Sabha.  

IBF president and Star India CEO Uday Shankar said, “Indian broadcasting sector is happy to note that the government is mulling over calling a special session of Parliament in the second week of September 2015. On behalf of the sector, I would strongly appeal to the government to stay course on the implementation of GST Bill as it intends to bring a semblance of uniformity to the taxation structure, subsumes all existing central and state indirect taxes under one value added tax, both on services and goods, leading to greater efficiency and business speed. Looking at the larger perspective, a national comprehensive tax regime will not only integrate the goods and services sector, but will usher in greater transparency and consistency making compliance easier."

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