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Lok Sabha to take up GST bills for discussion & passage today

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The Lok Sabha will today take up the Goods and Services Tax Bills for discussion and passage. The Speaker has allocated eight hours time for discussion on the Bill.

Briefing media after the BJP Parliamentary Party meeting in New Delhi yesterday, Parliamentary Affairs Minister Ananth Kumar said that the discussion on the four GST bills namely Central GST, Integrated GST, Union Territory GST and GST Compensation Bills will take place in the Lower House today. He said these Bills have been drafted after detailed discussions in the GST Council which comprises all States.

Finance Minister Arun Jaitley yesterday said the GST bills are based on the principle of shared sovereignty and that the government wants to pass these landmark tax reforms through consensus. The Finance Minister had tabled the GST Bills in the Lok Sabha on Monday. He also briefed the BJP Members of Parliament after the Party' Parliamentary meeting yesterday.

The Central GST Bill makes provisions for levy and collection of tax on intra-state supply of goods or services, the integrated GST deals in taxation of inter-state movement of goods and services while the Union Territory GST Bill covers taxation in Union Territories.

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