New Delhi: After passing the Rajya Sabha hurdle, the Constitutional Amendment Bill for the introduction of Goods and Service Tax was taken up in Lok Sabha on Monday.
Prime Minister Narendra Modi spoke on the GST in the Lok Sabha and thanked the opposition for the support in passing the bill.
Ultimately GST proves ‘Consumer is King’, says PM Modi in Lok Sabha.
GST, the biggest economic reform since 1991, is likely to sail through smoothly in the Lower House. It will replace a draft of different state and local taxes with a single unified value added tax system to turn the country into world’s biggest single market.
The Bill was passed by Lok Sabha in 2015 and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.
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