Govt introduces much-awaited GST Bill in Rajya Sabha
August 11, 2015  14:18
The government introduced the much-awaited bill on GST for passage in the Rajya Sabha even as doubts persists if the opposition Congress will allow passage of the Constitution Amendment Bill.


The Revised List of Business of Rajya Sabha said finance minister Arun Jaitley will move the Constitution (One Hundred and Twenty-second Amendment) Bill, 2014, incorporating recommendations made by a House select committee. Jaitley move that the Bill be passed.


The long-delayed Goods and Services Tax Bill was passed in the Lok Sabha in May. The Bill was taken up for consideration in the Lok Sabha on Tuesday after Finance Minister Arun Jaitley appealed to all parties to rise above partisan considerations to support it but its fate in Rajya Sabha was still a matter of speculation.


The GST framework could easily be one of the most important tax reforms for India.


It brings with it problems regarding division of taxation powers between the Centre and the states. Which is why the finance ministry had missed a number of deadlines in the past.


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