GST Bill Passed in Lok Sabha

Lok Sabha passed the Goods and Service Tax, or the GST Constitutional Amendment Bill on Wednesday amid furore in the Parliament with the Congress staging a walkout.

The bill was passed in Lok Sabha with 352 Votes in favour and 37 Against it. Congress walkout during the voting.

Finance Minister Arun Jaitley stressed upon the need for the bill to become law, and said the ambitious tax reform, which has been in the making for 12 years, will remove the cascading effect of the current tax system, boost compliance, ease doing business and spur growth by making the country a national market.

The bill now need to pass in Rajya Sabha, where ruling party is heavily outnumbered. Gov. will try to push bill in Rajya Sabha before 13th May during current session of parliament.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.