After the historic passage of the Goods and Service Tax (GST) Bill in Rajya Sabha on Wednesday, the bill will be tabled in the Lok Sabha on August 8.
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With Congress and most other parties on board, Rajya Sabha on Wednesday passed the bill to amend the Constitution to facilitate rollout of the historic GST amid government’s assurance that the tax rates would be kept “as low as possible”.
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The Constitution (122nd Amendment) Bill, 2014 was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties.
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Replying to the debate during which most parties pressed for a Constitutional cap on GST tax rate at 18 per cent, Finance Minister Arun Jaitley had said that the guiding principle would be to keep the “rates as low as possible, certainly lower than what it is today.”