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Govt may advance Parl session to get GST laws clearance

Constitution Amendment Bill has already been ratified by 8 state Assemblies

Policy Pulse
Publish Date: Aug 29 2016 12:03PM | Updated Date: Aug 29 2016 12:03PM

Govt may advance Parl session to get GST laws clearance

 With an aim to meet April 1 target to roll out Goods and Services Tax (GST), Centre may advance Winter Session of Parliament by fifteen days to get supporting legislations passed, leaving adequate time for implementation of the new indirect tax regime.

 
Winter Session of Parliament, which is usually convened in the third or fourth week of November . may start immediately after the end of festive season.
 
An early Winter Session would help get the Central GST (CGST) and Integrated GST (IGST) legislations, that will give way for Goods and Services Tax (GST), to be cleared within November or latest by early December, government officials said.
 
The two are supporting legislations to the Constitutional Amendment Bill approved in the next session of Parliament. Needing approval by half of 31 states for it to become a law, the Constitution Amendment Bill has already been ratified by 8 state assemblies including Bihar, Chhattisgarh, Assam, Himachal Pradesh, Jharkhand, Gujarat, Madhya Pradesh and Delhi.
 
Haryana and Maharashtra are likely to follow suit soon and the requisite numbers may be in place by September, an official was quoted as saying in a media report.