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PM held a meeting with ministers to discuss GST bill

GST Bill passed by Lok Sabha last year, but is stuck in the Rajya Sabha due to resistance from opposition

Policy Pulse
Publish Date: Jul 31 2016 2:50PM | Updated Date: Jul 31 2016 2:51PM

PM held a meeting with ministers to discuss GST bill

Prime Minister Narendra Modi held a meeting with top Cabinet minister on Saturday evening to further strengthen the strategy for the passage of Goods and Services Tax (GST) bill in the Rajya Sabha.

 

The bill was passed by the Lok Sabha in May, last year, but is stuck in the Rajya Sabha due to resistance from the opposition. The bill has been listed for consideration and passage in the Upper House next week.

 

The Business Advisory Committee of the Rajya Sabha has earmarked five hours discussion for the bill which seeks to introduce a system for uniform taxation across the country.

 

The government needs the support of two-third members of the Upper House to amend the constitution to turn GST into law.

 

The Union Cabinet had cleared changes in the Bill earlier on Wednesday dropping the 1 per cent additional tax on inter-state sales and providing guarantee to compensate states for any revenue loss in the first five years of rollout.