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Home» News»Rajya Sabha to take up GST bill next week – Naqvi

Rajya Sabha to take up GST bill next week – Naqvi

Saheli 30 Jul 2016 News Comments Off on Rajya Sabha to take up GST bill next week – Naqvi 1 Views

A view of the parliament building is reflected on a car in New Delhi April 24, 2012. REUTERS/B Mathur/Files

The government will introduce the long-awaited goods and services tax (GST) constitutional amendment bill in parliament next week, a minister said on Friday, as almost all political parties have agreed on the proposed law.

The GST bill will be introduced in Rajya Sabha next week, Junior Parliamentary Affairs Minister Mukhtar Abbas Naqvi told lawmakers.

The proposed tax reform, the biggest since India’s independence from Britain in 1947, seeks to replace a slew of federal taxes and levies in 29 states, transforming the nation of near 1.3 billion people into a customs union.

Analysts say the move could boost India’s economic growth by up to 2 percentage points.

[Source:- Reuters]

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- Bill GST: Naqvi next Rajya Sabha take to up. week 2016-07-30
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