tokyo the rollout of gst will convert india into one common market prevent taxontax and make goods and services cheaper finance minister arun jaitley said on wednesdayjaitley also hoped the main opposition congress will come on board to help in the passage of the indias biggest indirect tax reform bill since independence in the ensuing monsoon session of parliament and said failing which the government will have no option but to seek for a parliamentary votethe whole world is looking at india as to when india rationalizes its indirect tax regime he said at a conference organized by institute for international economic studies herethe gst bill which creates a single national sales tax to replace several state and central levies has already been approved by the lok sabha or lower house of parliament and is pending in the upper house where the government doesnt have a majoritythe idea behind the gst is to make india into a one common market to have a seamless transfer of goods and services to prevent taxontax make goods and services cheaper and therefore provide to any person very large markets that is onesixth of world population he saidjaitley who is on a sixday investor wooing tour of japan said gst will reduce the level of taxation because there will be no taxontax it will bring prices down and enable businesses far morethe minister said he was trying to persuade the opposition congress to support the legislation which originally was introduced by the same party in 2006this was proposed by the previous government we have accepted it it has been passed by the lower house and now it requires to be cleared by a twothird majority in upper house almost every political party in principle says it supports the gst he saidjaitley said he was quite confident that gst had support of twothird members of the rajya sabha because almost every regional party supports it because regional parties also come from areas which are consuming states and all consuming states benefit from the gstwithout naming congress he said the party which was in power earlier and had moved the gst bill now wants to bring some changes to the legislationthe main opposition party wants the rate of the goods and services tax capped at 18 per cent the proposed 1 per cent additional levy on interstate trade be removed and an independent dispute resolution mechanism for states set upone particular change i am willing to accept in others there is some difficulty he said referring to the demand for removal of 1 per cent additional levya committee headed by chief economic adviser arvind subramanian had in december last year had recommended doing away with the additional one per cent tax on interstate sales over and above the gst rate as well as keeping the gst rate at 1718 per centi have been discussing with them and trying to persuade them to accept this idea i am reasonably hopeful that it will be passed in monsoon