Debate on GST Bills today; Govt hopes to pass tax reforms through consensus

New Delhi: The Central GST, Integrated GST, Union Territory GST and the Compensation Law will be taken up for consideration and passage in Lok Sabha on Wednesday.
The House is expected to hold a six-hour marathon discussion on the bills.
Meanwhile, finance minister Arun Jaitley yesterday said the GST bills are based on the principle of “shared sovereignty” and that the government wants to pass these landmark tax reforms through consensus.
Jaitley was briefing the party MPs after BJP’s parliamentary party meeting here which was also attended by Prime Minister Narendra Modi, Parliamentary Affairs Minister Ananth Kumar told reporters after the meeting.
The government proposes to launch GST from July 1.
It is estimated that the rolling out of the GST can add up to 2 per cent to India’s economic growth.
However, Congress has said that the GST Bills in their present form were “not acceptable” to the Congress, but the party sought to tread cautiously to avoid being seen as against the tax reform measure.