Centre To Go Ahead With Constitutional Amendment Bill On GST in Second Part Of Parliament Session

27 March, New Delhi

Union Government Friday said, it intends to go ahead with the Constitution Amendment Bill on Goods and Services Tax,GST in the second part of the Budget Session of Parliament.

The Budget Session is currently under recess and will resume on 20th of next month.

The GST bill subsumes various indirect taxes including the Central Excise Duty, Service Tax and Value Added Tax.

Speaking at a function on Urja Sangam-2015 in New Delhi, Finance Minister Arun Jaitley said, the legislation will go a long way in tax reforms.

Jaitley said, the government also wants to make direct tax not only non- adversarial but also make it globally compatible.

He said, the government has announced a roadmap for the next four years with regard to corporate tax. He said, in the roadmap, the corporate tax will be brought down to 25 per cent from 30 per cent.