Pan India Goods and Service Tax Bill Passed in the Lok Sabha
The Lok Sabha on Wednesday gave its consent to a far-reaching amendment to the Constitution to pave the way for a pan-India goods and services tax (GST) regime and create a unified market across the country, doing away with multiplicity of central and state taxes.
Congress miffed with the procedure adopted for passing the bill
Reiterating that the Goods and Services Tax (GST) Bill should be sent to the Standing Committee, Congress leader Mallikarjun Kharge on Wednesday alleged that the government has violated all parliamentary procedures by directly introducing it in the current session of Parliament.
“Every bill is referred to a Standing Committee first, but the Central Government has violated all parliamentary procedures. The bill has been directly introduced in the current session of the Parliament,” said Kharge.
Earlier Finance Minister Arun Jaitley while debating on GST in the Lok Sabha today said the implementation of Goods and Services Tax (GST) will provide uniformity of taxation. Whole process of indirect taxation will change post implementation of GST, he said.
Jaitley said the implementation of GST will give a fillip to the trade. It will also avoid tax on tax.