Diabytes
GST Constitutional Amendment Bill News
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Government is moving ahead of its schedule and is fully geared up to roll out Goods and Services Tax (GST) from April 1 next year, Revenue Secretary Hasmukh Adhia said today.
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Eager to meet the April 1 target to roll out the landmark Goods and Services Tax (GST), the government may advance Winter Session of Parliament by a fortnight to get supporting legislations passed, leaving sufficient time for implementation of the new indirect tax regime.
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As the government gears up for a fresh push to get the long-pending GST law passed, Finance Minister Arun Jaitley today said the 'one nation, one tax' regime will reduce the taxation levels and also eliminate corruption.
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To a written question on whether the compensation in GST has been incorporated in the Constitutional Amendment Bill, Minister of State for Finance Jayant Sinha said: "Yes".
States have opposed the Centre's revised GST draft, Chairman of Empowered Committee of State FMs said on Thursday.
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