In a bid to get consensus on the GST bill, Finance Minister Arun Jaitley will meet his counterparts in states on Tuesday to discuss the proposed amendments to the Goods and Services Tax (GST) Bill that has been passed by Lok Sabha but is stuck in the Rajya Sabha. The business advisory committee of the Rajya Sabha has allocated 5 hours for a discussion on the bill. The govt wants the GST bill to be passed in the Monsoon Session which ends on August 12.
Minister of State for Finance Arjun Ram Meghwal had on Monday said that the government is working overtime to build a consensus on the long-pending bill with the hope of getting it passed during the ongoing Monsoon session of Parliament. The proposed tax reform, the biggest since India’s independence 1947, seeks to replace a slew of central taxes and levies in its 29 states, transforming the nation of 1.3 billion people into a customs union. Jaitley met Bihar Chief Minister Nitish Kumar over the weekend and has been earlier meeting the leaders of the Congress Party to garner support for the proposed GST Bill.
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