Prime Minister Narendra Modi likely to speak as GST bill is tabled in Lok Sabha

| Monday, August 8, 2016 - 15:27
First Published |
Narendra Modi, GST, GST bill, Lok Sabha, Rajya Sabha, Goods and Services tax bill, Lower house,

The Goods and Services Tax bill promises a unified tax reform

New Delhi: The Lok Sabha on Monday will be ratifying India's most reformative and 'controversial' bill — the Goods and Services Tax (GST) bill, alongside which Prime Minister Narendra Modi will be speaking.

The GST bill, which was passed unanimously by all parties in the Rajya Sabha, except for AIADMK, it is expected that the bill will be passed virtually unopposed on Monday in the lower house of the Parliament.

The Goods and Services Tax bill promises a unified tax reform. If the bill is passed in Lok Sabha, it will then need the President's approval and the acceptance of half of the total number of Indian states.

"With virtually all political parties backing GST, the biggest economic reform since 1991 will sail through smoothly in the Lower House. And the PM will like to crown the moment with an intervention to put it on record that the NDA managed a consensus of course and he will thank all parties," a minister told NDTV. 

Although GST's main opposition, the Congress Party, has officially come in support of the bill, there are certain amendments in the bill which the govt will be mulling over with its opposition.

Download English News App and stay updated with all Latest News.
For News in English, follow us on Google+, Twitter and on Facebook.

Add new comment

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.