Jaitley says GST Bill a revolution, Cong retorts number of issues to be dealt with

Mangalore Today News Network

New Delhi, Mar 29, 2017: Finance Minister Arun Jaitley on Wednesday pushed 4 GST Bills – Central GST, Integrated GST, Union Territory GST and the Compensation Law for consideration and passage in the Lok Sabha.

Meanwhile, Jaitley yesterday said the GST bills are based on the principle of "shared sovereignty" and that the government wants to pass these landmark tax reforms through consensus.

GST is a revolutionary bill which will benefit all, adds FM Jaitley

12 meetings of the GST council were held to make it a process based on consensus and recommendations

GST will ensure uniform taxation across states, says FM

GST will put an end to tax differences

FM Jaitley moves 4 GST Bills, 2017 for consideration and passage in the lower house

The House is expected to hold a seven-hour marathon discussion on the bills

The government proposes to launch GST from July 1

It is estimated that the rolling out of the GST can add up to 2 percent to India’s economic growth.