GST Bill: it is all set to be taken up by Lok Sabha

In a bid to give the new thrust to the much awaited the Good and Services Tax Bill, it  will be taken up by Lok Sabha tomorrow. The situation inside the house is favourable for the bill and it is expected to be passing in the Lok Sabha.

It is noted that  Rajya Sabha has passed the bill earlier with amendments and those will be again approved by the Lok Sabha.

BJP and Congress both parties have has already issued a whip to all its Lok Sabha MPs asking them to be present in the house.

Needless to say, after its passage in the Lok Sabha, the Bill will go to state assemblies for ratification.

It is noted that there was much obstacles in the way for the Bill but it become a major success for the Modi government when it was passed by Rajya Sabha earlier. The  GST is aimed at bringing uniform tax regime in the country by subsuming state levies.

It is expected that under it, a single rate of GST will replace various taxes to ensure seamless transfer of goods and services.