The move will create uniformity in taxes across states, increasing efficiency & compliance and also boost Modi government’s big push towards ease of doing business.
The crucial constitutional amendment bill preparing the ground for the goods and services tax (GST) is all set to be taken up for consideration and approval by the Rajya Sabha.
The Bill's passage will mark the achievement of a key milestone in the long-delayed progress of the reform, which the government wants to roll out on April 1 next year. The rollout of the key reform, however, will be a painstaking grind by the Centre and states. Here's what you need to know about this key move.
Why is the GST Bill so important and why is there so much noise about it?
It is probably the most far-reaching tax ref