10 years ago
Four Bills related to the Goods and Services Tax or GST were debated in the Lok Sabha or lower house of Parliament today, as the government pushes to meet a July 1 launch date for the unified tax regime that subsumes a slew of indirect taxes at the Centre and in states. Seven hours were allotted for today's debate, which began at noon, with union minister Arun Jaitley speaking first. For the Congress, former union minister M Veerappa Moily was the first speaker. The government emphasised that it wanted the GST bills to be passed in Parliament with the consensus of all parties as was witnessed in August last year when a bill to amend the Constitution was passed to facilitate the launch of GST. The Congress said the bills in their current form are "not acceptable" and its speakers today raised their concerns and demanded changes. The party's main demand reportedly was a flat GST rate rather than a four-slab structure. The bills being debated today were the Central GST bill, the Integrated GST bill, the Union Territories GST bill and the compensation law. Once these get Parliament's nod, a state GST bill will be presented in state assemblies for their approval.
Here are the highlights from the GST debate in Lok Sabha:
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Arun Jaitley addressing Lok Sabha
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Rajya Sabha votes on Amendments to Finance Bill
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Finance Minister Arun Jaitley defends the finance bill
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Implementing GST Will Be Serious Test For India: Foreign Media – NDTV Profit
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After 7-Hour GST Debate In Lok Sabha Today, 250 Clauses Will Be Put To Vote: 10 Facts
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