GST Constitutional Amendment Bill sent to Select Panel of Rajya Sabha

Amid stiff resistance followed by walk out by the Congress Members, the Lok Sabha on May 6, 2015 had passed the much awaited Constitution (122ndAmendment) Bill, 2014 on Goods and Services Tax (GST) with 2/3rdmajority. Being a Constitutional Amendment Bill,it needs two-thirds of both houses to vote in its favour followed by its ratification by at least 50% of the States before it becomes law of the land. With no consenus in sight and the Modi Government facing a number crunch in the Rajy

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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