GST may pass soon as government accepts Congress' demand

Newstrack

NewstrackBy Newstrack

Published on 28 July 2016 1:59 AM GMT

GST may pass soon as government accepts Congress demand
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New Delhi: Union Cabinet on Wednesday approved two key changes in the Goods and Services Tax (GST). The Cabinet has cancelled a 1% inter-state tax from food manufacturing states and also assured total compensation for first five years of the exercising of the GST.

The decisions took place in Cabinet under the headship of PM Narendra Modi.

Other Highlights-

  • Government has accepted the major demand of Congress after cancelling 1% inter-state tax from food manufacturing states.
  • It is because of the opposition of Congress, GST bill is stuck in the Rajya Sabha.
  • Other two demands of Congress are still not accepted.

GST bill is expected to be passed in Rajya Sabha after the approval of states and acceptance of the changes by the cabinet.

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