GST Bill tabled, to be taken up in the Budget Session
Moneylife Digital Team 19 December 2014

The Bill, tabled in Parliament, is to be taken up for discussion in the budget session.

 

On a day, when the Chief Economic Advisor, Arvind Subramaniam, praised the Goods and Services Tax implementation and said that it would be a game changer, the Finance Minister Arun Jaitley has said the Bill will not be tabled in Parliament in this session.

 

Jaitley said that the bill would be tabled in Parliament in the Budget session of Parliament. Reports had suggested that there had been a breakthrough in negotiations between the Centre and the States, and that the GST amendments would be taken up in Parliament in this session.

 

This session however, has been marred by disruptions in the Rajya Sabha, where the ruling National Democratic Alliance (NDA) is in a minority, with almost the entire Parliament session already washed out.

 

There were also reports that the Tamil Nadu CM had also opposed provisions in the GST and had said that the Bill should be deferred till the outstanding issues are resolved.

 

The Tamil Nadu CM wrote to PM Narendra Modi and said that the Empowered Committee of State Finance Ministers should be allowed to come to a consensus before taking up the bill in Parliament, PTI reported.

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