Rajya Sabha panel gives thumb up to almost all the provisions of GST Bill
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The Headed by BJP's Bhupender Yadav, the panel in its report suggested changes in clauses pertaining to compensation and levy of 1% additional tax by states on inter-state supply of goods, reported news agencies.
The report, however, is not liked by the Congress, AIADMK and Left parties. They have expressed their disapproval over the
The bill has been approved by the Lok Sabha. It will now have to be taken up in the
The ruling NDA government does not enjoy majority in the Rajya Sabha and will need support of regional parties and allies for passage of the bill.
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In a clause relating to levy of 1% additional tax by states, the panel recommended that the levy should only on "all forms of supply made for a consideration".
It, however, retained the representation of the Centre and states at the proposed level at one-third and two-third despite demand to reduce Centre's representation to one-fourth.
The government plans to roll out a single-rate GST by April 1, 2016. The GST, which is being touted as the biggest reform in the indirect
"Administratively we are taking all steps both Centre and states to meet April 2016 deadline. Effort would be to have reasonable rate of GST so that GST experience is a successful experience for the whole country," Revenue Secretary Shaktikanta Das told reporters here.
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(Image: Indiatimes) Advertisement
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