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Finance Minister Arun Jaitley today moved four Goods and Services Tax (GST) Bills for consideration and passage in the Lok Sabha, which then took them up for discussion. The Central Goods and Services Tax (CGST) Bill, 2017, along with three oakley frames toronto other GST Bills were moved for consideration in the lower house. The CGST Bill will enable levy and collection of tax on intra state supply of goods and services or both by the central government, the Integrated Goods and Services Tax Bill, 2017, which provides for the levy and collection of tax on inter state supply. HERE ARE THE UPDATESWith LS having approved all 4 laws that Centre is supposed to legislate through Parliament, I think significant step forward has been taken: Arun JaitleyWe promised business people, at least 3 months before implementation you will have complete clarity on law and rules: Revenue Secy H Adhia on GSTCongratulations to countrymen on passage of GST Bill. New year, new law, new India: PM Narendra ModiAll four GST related bills passed in Lok SabhaClause by clause voting on GST Bill amendments underway in Lok SabhaJammu and Kashmir has been kept out as Central laws do not apply there. First the Assembly there will have to bring about amendments: Arun Jaitley on GST BillWhen the issue of real estate being brought under GST was brought by some states that said it will lead to losing their stamp duty: Arun JaitleyPetroleum products have been brought under constitution of GST but there will be zero GST on it: Arun Jaitley Whether to impose tax on it will be taken one year after implementation of the law: Arun JaitleyWhen compensation clause was introduced by the Government, the states started coming around and made the difference and became a game changer: Arun JaitleyAs per the Constitution If a bill seeks to impose tax then it should be treated as a money bill: Arun JaitleyAs far as benefits are concerned, you can produce Aadhar. At a key oakley frames transistor strategy meeting of Congress MPs, it was decided to raise the concerns of the public on the GST Bills and seek necessary amendments . Though Centre is bringing this as a Money Bill in Lok Sabha, but in Rajya Sabha, the Congres led Opposition is likely to press for amendments. The Congress has already been targeting the Centre on finance bill, vacant posts in SC/ST OBC commission. On Tuesday, the Rajya Sabha witnessed a ruckus, which forced the chairman to suspend the proceeding for the day. Introduction of the bills by Jaitley was objected to by a number of Opposition MPs for the manner in which it was being done, saying they were not given enough time to study the proposed legislation.

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