TIL Desk/National/New Delhi/ Finance Minister Arun Jaitley on Wednesday pushed 4 GST Bills – Central GST, Integrated GST, Union Territory GST and the Compensation Law for consideration and passage in the Lok Sabha. Meanwhile, 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.
– GST is a revolutionary bill which will benefit all, adds FM Jaitley
– 12 meetings of the GST council were held to make it a process based on consensus and recommendations
– GST will ensure uniform taxation across states, says FM
– GST will put an end to tax differences
– FM Jaitley moves 4 GST Bills, 2017 for consideration and passage in the lower house
– The House is expected to hold a seven-hour marathon discussion on the bills
– The government proposes to launch GST from July 1
– It is estimated that the rolling out of the GST can add up to 2 percent to India’s economic growth.
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