The amendments to the Goods and Services Tax bill were cleared by the Lok Sabha unanimously on Monday. The earlier bill which was passed in 2015 in Lok Sabha was finally passed in Rajya Sabha last week months after Opposition parties led by Congress demanded certain changes in the bill.
Ahead of the current Monsoon session, BJP approached the Opposition parties to ask for their cooperation in passing the bill in the Upper House. It was then passed with a full majority.
In total, nine changes were made to the bill and it was passed in Rajya Sabha on Wednesday.
As it happened:
8:11 pm I think its a good step for the country: Rahul Gandhi after LS passes Rajya Sabha amendments to GST bill
8:00 pm Constitutional Amendment Bill (122nd): Rajya Sabha amendments passed in Lok Sabha unanimously
7:57 pm GST Bill passed in Lok Sabha
7:40 pm AIADMK walks out of Lok Sabha during discussion on GST
7:35 pm Constitutional Amendment Bill (122nd) put to vote in Lok Sabha
6:31 pm PM Modi concludes speech thanking all the members.
6:21 pm Our aim is “Economical and educational empowerment of the poor”. GST can help us achieve this aim: PM Modi
6:18 pm ‘Faith’ very important to strengthen federal structure of India. GST will act as a catalyst in this regard: Modi
6:14 pm It is true that consumer States will benefit more from GST but Centre will compensate manufacturing States in case of losses: Modi
6:12 pm ‘Rashtraneeti’ is bigger than ‘Rajneeti’: Modi
6:11 pm States in our country are not self sufficient but are interdependent. GST will boost economy of under developed States: PM Modi
6:10 pm With GST we intend to bring in uniformity in taxes. The message is clear that the ‘consumer is the king’: PM Modi
6:07 PM I had called Sonia Gandhiji & Manmohan Singhji to talk about GST Bill. We have always tried to discuss this with everyone: PM Modi
6:06 pm ‘Lok Tantra’ is not just a game of mandate, it is also a journey of forming consensus: PM Modi
6:04 pm GST means ‘Great Step towards transformation’, ‘Great Step towards transparency’ in India: PM Modi in Lok Sabha: Modi
6:01 pm “It’s true that someone gives ‘birth’ while someone else ‘nutures it’ (on GST Bill). It is not a victory of a particular political party. It’s a victory of high democratic principles,victory of all political parties.”
6:00 pm “You might know that some time ago an issue regarding tax came up in SC. Issue was Coconut should be considered a fruit or vegetable.This example is good enough to understand the ups and downs nation has seen with respect to tax situation.”
5: 58 pm Passage of GST Bill a great victory. Its a step towards transformation: Modi
5:57 pm: Prime Minister Narendra Modi speaking in Lok Sabha
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2:40 pm: Veerappa Moily quotes Ved Vyas and Chanakya in the House while speaking on tax reforms and GST
2:38 pm: GST bill should be a finance bill and not a money bill, says Moily
2:32 pm: You say one India, one tax policy. GST does not provide a one tax policy: Moily in Lok Sabha
2:09 pm: Rajya Sabha is being given more importance. This House (Lok Sabha) is being treated like a junior party, says Moily
2:07pm: If there was political consensus, this law would’ve come long long back. But Cong is now here extending full support for GST: Veerappa Moily
2:05 pm: Future road map is that this is an enabling amendment, three more laws have to be created. Two of those have to come before Parliament, says FM Jaitley