Crucial GST bills approved by Cabinet, will boost our reform agenda: PM Modi

"Crucial bills relating to GST have been approved by the Cabinet, giving a boost to our reform agenda.," tweeted Modi.

By: Express Web Desk | New Delhi | Updated: March 20, 2017 9:36 pm
Narenra Modi, Modi, GST, GST bill, PM Modi, Modi GST, PM Modi GST Bill, Goods and services tax, Tax, economy, Cabinet, union cabinet, ARun Jaitley, what is GST? India news, indian express news Prime Minister Narendra Modi. (File photo)

After the Union cabinet approved four Goods and Services Tax (GST) legislation on Monday, Prime Minister Narendra Modi said the move will give a boost to the government’s reform agenda. “Crucial bills relating to GST have been approved by the Cabinet, giving a boost to our reform agenda,” tweeted Modi.

Paving the way for their introduction in Parliament, the Union Cabinet chaired by Prime Minister has approved the four GST related bills, which are The Central Goods and Services Tax Bill 2017 (The CGST Bill), The Integrated Goods and Services Tax Bill 2017 (The IGST Bill), The Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill), and The Goods and Services Tax (Compensation to the States) Bill 2017 (The Compensation Bill). These were earlier approved by the GST council after thorough, clause by clause, discussion over 12 meetings of the Council held in the last six months:

With the GST council clearing the state and union territory laws, the GST roll out on July 1 looks possible.

Once this bill gets approved by Parliament, the states would start taking their SGST bill for discussion and passage in the respective state assemblies.

A composite GST will be levied on sale of goods or rendering of services after the new indirect tax regime is rolled out, and the revenue would be split between the Centre and the states in almost equal proportion. The reason for this is that the central taxes like excise and service tax and state levies like VAT will be subsumed in the GST.

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  1. C
    Chandu Shah
    Mar 20, 2017 at 4:45 pm
    When did you last see yourself in the mirror. When you do you will start barking
    1. A
      ak dev
      Mar 20, 2017 at 9:41 pm
      1. A
        Mar 20, 2017 at 5:08 pm
        You know that how Mr.Modi derails this crucial reform 8 years back , I am not against him but he is also responsible for delaying this process , yes he was playing dirty politics to prvent GST 8 years ago, imagine how much loss , nation suffer even more than coal scam ,2G scam if we believe him that if it would increase GDP betn 1 to 1.5 %/
        1. S
          Mar 20, 2017 at 5:40 pm
          This GST was to p in Congress rule, it was Modi's BJP tht obstructed it, now the same BJP clears it, how funny. Dirty politics, ma'am Congress Kate, and he takes the cream. Very soon you will also see fdi in retail, which the BJP had objected in Congress rule.
          1. T
            Mar 20, 2017 at 9:17 pm
            Please explain why you were opposing this stolen "reform" when Congress proposed G S T ?
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