23 July, New Delhi
Ensuring uniform indirect tax system and giving an impetus to the Indian economy, the government has decided to table the Goods and Services Tax (GST) Bill next week, after building a consensus on the bill, among all political parties.
Talking to reporters, Parliamentary Affairs Minister Ananth Kumar said, ”With regards to GST bill, we are trying to build a consensus. Therefore, we are speaking to everybody, we want everybody on board. The entire India will become one tax system.”
Kumar also said the Bill will help the investors in setting up their units in the country since the tax system will be stable. ”It will also give a great impetus to the Indian economy and I think it’s a major step for ease of doing business,” the Minister added.
The Bill was passed by the Lok Sabha on May 6, 2015 and is pending in the Rajya Sabha since then, following stiff opposition from the Congress.