Thursday 4 August 2016

Rajya Sabha passes GST statute bill

The changes to the Constitution (122nd Amendment) Bill, 2014, was cleared by the Rajya Sabha, will have to be ratified by the Lok Sabha.

Rajya Sabha passed GST statute bill on Wednesday.
The changes to the Constitution (122nd Amendment) Bill, 2014, was cleared by the Rajya Sabha, will have to be ratified by the Lok Sabha and subsequently get approval from 50% of state assemblies, says report.

Finance Minister Arun Jaitley reportdly said he's optimistic about getting it in place by April 1 next year. 

FM Jaitley said "I am giving you an assurance that the government has no intention of getting the Bill passed without discussion in the Rajya Sabha."

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