Rajya Sabha Passes Landmark GST Bill
New Delhi: Decks are cleared for GST to become law on Thursday, as the Rajya Sabha passed all the four GST Bills without any amendments. As the last parliamentary hurdle has been cleared, the government will be able to rollout the landmark Goods and Services Tax Bill which is an unified tax regime on July 1st as scheduled.
The four Bills included Central Goods and Services Tax Bill, 2017, the Integrated Goods and Services Tax Bill, 2017, the Goods and services Tax (Compensation to States) Bill, 2017 and the Union Territory Goods and Services Tax Bill, 2017.
The Finance Minister Arun Jaitley responding to the debate on the bills said that no one person or government can or should take credit for this bill.
The Lok Sabha approved the Bill last month. It is the turn of the State Assemblies to consider and pass their respective State GST (SGST) law.