Govt to bring GST Amendment Bill, says Arun Jaitley
7 April 2015 6:00 AM IST
There is a broad consensus on GST and a Constitutional Amendment Bill for the proposed indirect tax regime would be taken up in Parliament for consideration and passage in the next few weeks, Finance Minister Arun Jaitley said on Monday.
"Broadly there has been a consensus as far as GST is concerned. Over the next few weeks...I intend to move constitutional amendment for its passage. "Once it is approved, the next stage would be to get the approvals of various states and then get all the subordinate amendments drafted, circulated, accepted by all government and in the course of the year present before Parliament," he said during the annual general meeting of industry body CII.
He said GST regime will become one of the important taxation reforms in India in its recent history.
"Broadly there has been a consensus as far as GST is concerned. Over the next few weeks...I intend to move constitutional amendment for its passage. "Once it is approved, the next stage would be to get the approvals of various states and then get all the subordinate amendments drafted, circulated, accepted by all government and in the course of the year present before Parliament," he said during the annual general meeting of industry body CII.
He said GST regime will become one of the important taxation reforms in India in its recent history.
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