Lok Sabha nod for pan-India goods-services tax regime

Sarkaritel
By Sarkaritel May 6, 2015 14:41

Lok Sabha nod for pan-India goods-services tax regime


New Delhi, May 6  The Lok Sabha on Wednesday gave its consent to a far-reaching amendment to the Constitution to pave the way for a pan-India goods and services tax regime and create a unified market across the country, doing away with multiplicity of central and state levies.

The relevant Constitution (One Hundred and Twenty Second Amendment) Bill, 2014, was passed by a division with 336 ayes, 11 against and 10 abstentions. Lok Sabha Speaker Sumitra Mahajan announced the bill was approved with two-thirds majority of the hosue, as required.

Sarkaritel
By Sarkaritel May 6, 2015 14:41