GST Constitutional Amendment Bill Introduced In Lok Sabha

24 April, New Delhi

Finance Minister Arun Jaitely Friday said the Goods and Services Tax Bill will simplify the tax regime and contribute significantly for the growth of country’s economy.

Introducing the Constitution amendment bill Jaitely said it would be a win win situation both for the states and the central government.

He expressed hope that GST can lead to 2 per cent increase in GDP. Earlier, the House witnessed procedural wrangling over the bill. The opposition wanted that the Bill contains many new provisions, and it needs to be sent to Standing Committee for thorough discussions.

Congress leader Veerappa Moily said as there is no consensus among the states, the Bill be referred to the standing Committee with the request to submit the report at the earliest.

Another party leader Mallikarjun Kharge said the treasury benches are trying to create an impression that the opposition is delaying the bill.

Amidst the opposition demands, the Speaker Sumitra Mahajan allowed the Finance Minister to make an introductory statement. Later, Congress, Trinamool Congress, Samajwadi party, Rashtriya Janata Dal and Left members staged a walkout.

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