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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    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
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      ak dev
      Mar 20, 2017 at 9:41 pm
      x
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        amit
        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 %/
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          Shekar
          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.
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            Truth
            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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              Lannister
              Mar 20, 2017 at 5:26 pm
              Perfect politics by Modi .......Knows very well how to play the games of throne.
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                George Cruz
                Mar 20, 2017 at 6:04 pm
                It was actually created by Akbar, the mogul ruler. Keep watching reruns of Mughal-E-Azam and get mesmerized!!!
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                  George Cruz
                  Mar 20, 2017 at 3:56 pm
                  The GST related bills, which are The Central Goods and Services Tax Bill 2017,The Integrated Goods and Services Tax Bill 2017, The Union Territory Goods and Services Tax Bill 2017, and The Goods and Services Tax, etc would boost the government coffers to spend on the improving the infrastructure, the defense, education and the payment of huge welfare for the poor. The BJP/Modi has been in power for just 2 years but the economic progress made so far is huge.
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                    George Cruz
                    Mar 20, 2017 at 11:27 pm
                    Your are WRONG. the congress proposed Goonda Services Terror (GST) but it was actually created by Akbar, the mogul ruler. Keep watching reruns of Mughal-E-Azam and get mesmerized!!!
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                      Mahendra
                      Mar 20, 2017 at 4:31 pm
                      Hope it will sail through Parliment as well and its early implementation.
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                        RS
                        Mar 20, 2017 at 9:03 pm
                        Then u have look of a pig (Suvar)
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                          Narayan
                          Mar 20, 2017 at 11:19 pm
                          Congress version was loot, loot and loot reforms. Please forget congress version of governance, it is self serving and damaging to the nation. lt;br/gt;lt;br/gt;Introduction of GST wont help the country unless you stream line the process and ensure accountability. Digital India, demonetisation has brought in certain level of accountability and control mechanism. You need to understand the sequence of events after Modi resumed power. Now it is right time to bring in GST and success of reforms can be fairly predictable.
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                            indian
                            Mar 21, 2017 at 12:13 am
                            you are some uya bhakt personified!
                            Reply
                            1. R
                              rs
                              Mar 20, 2017 at 6:00 pm
                              You are third rate bagt;gt;gt;gt;gt;d.
                              Reply
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                                Ramesh
                                Mar 20, 2017 at 9:19 pm
                                Jai Ho Modi ji
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                                  Girish Rao
                                  Mar 20, 2017 at 11:30 pm
                                  Congis had no credibility then
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                                    Girish Rao
                                    Mar 20, 2017 at 11:32 pm
                                    This is displa in international level too see the way India is erting itself
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                                      anon
                                      Mar 20, 2017 at 4:34 pm
                                      Modi has the looks of a dog....hope indians will get rid of this mad dog asap
                                      Reply
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                                        anon
                                        Mar 20, 2017 at 4:35 pm
                                        Modi has the looks of a dog....hope indians will get rid of this mad dog asap...
                                        Reply
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                                          anon
                                          Mar 20, 2017 at 4:35 pm
                                          Modi has the looks of a dog....hope indians will get rid of this mad dog asap...,,
                                          Reply
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                                            anon
                                            Mar 20, 2017 at 4:35 pm
                                            Modi has the looks of a dog....hope indians will get rid of this mad dog asap/
                                            Reply
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