Home / Business / Money / FM tables GST Constitutional Amendment Bill in Lok Sabha

FM tables GST Constitutional Amendment Bill in Lok Sabha

Speaking in the Lok Sabha the FM said the government has made sure that no state will lose money and it will be a win-win tax reform for both the Centre and the state governments.

Arun Jaitley, Finance Minister, GoI

After months of dilly- dallying the finance minister Arun Jaitley today tabled the GST Constitutional Amendment Bill in the lower house of the parliament.

Speaking in the Lok Sabha the FM said the government has made sure that no state will lose money and it will be a win-win tax reform for both the Centre and the state governments.

Assuaging fears of state governments, Jaitley said the government will compensate the losses incurred by them for the initial five years.

Hailing the speed at which the government has announced this reform, Amit Kumar Sarkar says the government is now trying to make up for lost time.

Satya Poddar of EY agrees saying introducing the GST has been a long battle and it has taken a very long time before it has finally seen the light of day.

Watch videos for more.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...