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Cabinet approves changes in GST Bill

Government took the regard from states and Congress as it launches final GST push

Policy Pulse
Publish Date: Jul 28 2016 10:14AM | Updated Date: Jul 28 2016 6:16PM

Cabinet approves changes in GST Bill

After a crucial meeting with states on the Goods and Services Tax (GST), the government moved swiftly to incorporate the deliberations in the Constitution amendment bill.

 
Government is also ready to address one of three demands raised by Congress and accommodating Congress by doing away with the plan for a 1% additional levy.
 
However the government held firm on two other issues by not capping rates in the proposed legislation and leaving dispute resolution to the GST council.
 
The government is likely to hold formal talks with Congress on GST amendments, amid indications that informal parleys have been on the right track.
 
Once the issues are settled with the principal opposition party, the government is expected In Key Change, to call an all-party meeting for an across-the-spectrum consultation on the vexed in-direct reforms legislation.
 
The decisions seem intended to send a strong message that the Centre will try to push the bill in the current session of Parliament.