GST is a revolutionary bill which will benefit all: Jaitely in Parliament
March 29, 2017 12:45
The gist of what the FM said in Parliament as he moved four GST bills for consideration in the Lok Sabha.
-- It is a revolutionary bill which will benefit all.
-- 12 meetings of the GST council were held to make it a process based on consensus and recommendations.
-- UTGST law will take CGST law into consideration and implement in UTs; SGST is a mirror of CGST, will handle GST in states.
-- GST will put an end to tax differences, GST Bill will end tax terrorism. -- It will ensure free movement of goods across country.
-- States have pooled in their sovereignty into the GST council, and Centre has done the same.
-- GST rate structure of 5, 12, 18 and 28 per cent proposed.
-- It is a revolutionary bill which will benefit all.
-- 12 meetings of the GST council were held to make it a process based on consensus and recommendations.
-- UTGST law will take CGST law into consideration and implement in UTs; SGST is a mirror of CGST, will handle GST in states.
-- GST will put an end to tax differences, GST Bill will end tax terrorism. -- It will ensure free movement of goods across country.
-- States have pooled in their sovereignty into the GST council, and Centre has done the same.
-- GST rate structure of 5, 12, 18 and 28 per cent proposed.
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