GST bill to be taken up by Lok Sabha on Monday

August 07, 2016 12:28

Major tax reform--GST bill--will be taken up by Lok Sabha on Monday, with virtually all political parties backing this legislation.

GST, the biggest economic reform since 1991, is likely to sail through smoothly in the Lower House. It will replace a raft of different state and local taxes with a single unified value added tax system to turn the country into world's biggest single market.

Prime Minister Narendra Modi is likely to intervene during the debate on the bill in Lok Sabha.

The bill was passed by Lok Sabha last year and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.

Congress leader Jyotiraditya Scindia today said the party will support GST Constitutional Amendment Bill and has issued whip to all its MPs to be present in the House tomorrow where it is scheduled to be taken up for passage.

Aiming for early implementation of the Goods and Services Tax, senior Union ministers have spoken to chief ministers of NDA-ruled states to ensure that the constitutional amendment is ratified by state assemblies at

the earliest.

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