Monday, August 8th, 2016

Amended GST Bill tabled in Lok Sabha

Narada Desk | August 8, 2016 3:25 pm Print
The Rajya Sabha had last week unanimously passed the Constitution amendment bill to pave the way for the introduction of a pan-India Goods and Services Tax regime.

Arun Jaitley : Union Finance Minister

After the GST Bill finally got passed in the Rajya Sabha with a unanimous vote thus enabling it to roll out from April 1, 2017, the Lok Sabha once again took up for discussion the amendments to the Goods and Services Tax Bill. While speaking on the GST Bill, Finance Minister Arun Jaitley once again stated that there was a wide consensus on the legislation.

“There has been a wide consensus. Many political parties have come forward in its support,” Jaitley said.

The Rajya Sabha had last week unanimously passed the Constitution amendment Bill to pave the way for the introduction of a pan-India Goods and Services Tax regime. The passing of the GST Bill was the result of hectic long consultations the government had with various Opposition leaders, particularly the Congress, in order to build a consensus.

The Upper House passed what is called the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, with 203 ayes in the final vote.

The AIADMK staged a walkout before the Bill was passed in the upper house. The government had moved amendments to the Bill, earlier passed by the Lok Sabha, to accommodate some concerns of opposition parties.

IANS

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