PM Modi meets ministers to discuss GST bill

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HIGHLIGHTS

  • PM Modi held a meeting with top ministers to discuss GST bill
  • The bill has been listed for consideration and passage in the Upper House next week
  • The GST Bill was passed by the Lok Sabha in May last year, but is stuck in the Rajya Sabha due to resistance from the opposition

NEW DELHI: Prime Minister Narendra Modi held a meeting with his top Cabinet colleagues last evening to firm up the strategy for the passage of Goods and Services Tax+ (GST) bill in the Rajya Sabha.

The bill has been listed for consideration and passage in the Upper House next week.

he Business Advisory Committee of the Rajya Sabha has earmarked five hours discussion for the bill which seeks to introduce a system for uniform taxation +across the country.

 The government needs the support of two-third members of the Upper House to amend the constitution to turn GST+ into law.

The Union Cabinet had cleared changes in the Bill earlier on Wednesday dropping the 1 per cent additional tax on inter-state sales and providing guarantee to compensate states for any revenue loss in the first five years of rollout.

The GST Bill was passed by the Lok Sabha in May last year, but is stuck in the Rajya Sabha due to resistance from the opposition.

Source: http://timesofindia.indiatimes.com/india/PM-Modi-meets-ministers-to-discuss-GST-Bill/articleshow/53474076.cms

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