NEW DELHI: Parliament today passed four legislations to pave the way for roll out of the historic Goods and Services Tax (GST) from the target date of July 1.
The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017 were returned by the Rajya Sabha after negation of a host of amendments moved by the opposition parties.
The Lok Sabha had passed these bills on March 29.
All the states will now have to pass the States GST Bill after which the new indirect tax regime can be rolled out.
Replying to about 8-hour-long debate, Finance Minister Arun Jaitley insisted that the GST, which will usher in a uniform indirect tax regime in the country, will not lead to inflation as apprehended by some sections. (AGENCIES)
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