In a major good news for Narendra Modi-led BJP government, the deadlock over the Goods and Services (GST) Bill is likely to send soon and the bill could be tabled in the Rajya Sabha tomorrow.
With the Cabinet approving key changes to the bill, which has long been a subject of discussion between the government and the opposition, things finally seem to be coming together for the Modi government.
According to reports, the bill could be tabled in the Rajya Sabha as early as tomorrow, but certainly by tomorrow.
ALSO READ: Cabinet Approves Key Changes In GST Bill
Once the bill is passed in the Rajya Sabha, the amended bill will go back to Lok Sabha for approval.
The Cabinet on Wednesday cleared changes in the GST Constitutional Amendment Bill, dropping 1 per cent manufacturing tax and providing guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime.
The Cabinet, headed by Prime Minister Narendra Modi, decided to include in the Constitutional Amendment Bill that any dispute between states and the Centre will be adjudicated by the GST Council, which will have representation from both the Centre and states.