Tax avoidance will be more difficult under GST:Jaitley
"It is half truth when you say the Centre has a veto over states," Jaitley said in the floor of the House.
"GST will empower the states and will make India strong," he said.
Jaitley said tax avoidance will be more difficult under GST.
As a historic debate on the Goods and Services Tax Bill started in the Rajya Sabha on Wednesday with the hope of it being passed, former Finance Minister P Chidambaram assured his party's support to the bill.
Chidambaram, however, wanted from the Government its assurance that the bill would be passed as a Finance bill.
"My party will support the bill to make it a legislation. But I only want an assurance from the Government that it will be treated as a Finance bill, and not as a money bill. Then both the Houses of Parliament will vote together," he said.
Chidambaram, who was the Finance Minister during the Congress-led UPA regime, said it was his party that had conecptualised GST and it had never been opposed to it. "We were only opposed the bill in its present form and felt that a better bill was possible," he said.
Chidambaram suggested that once made into a legislation, the uniform tax, that GST stands for, should never exceed 18 per cent.
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