{"id":2585,"date":"2016-07-27T21:15:55","date_gmt":"2016-07-27T15:45:55","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2585"},"modified":"2021-12-21T17:25:39","modified_gmt":"2021-12-21T11:55:39","slug":"the-cabinet-today-27-july-2016-approved-the-amendments-to-the-goods-and-services-constitutional-act","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/the-cabinet-today-27-july-2016-approved-the-amendments-to-the-goods-and-services-constitutional-act\/","title":{"rendered":"amendments in Goods and Services Constitutional Act."},"content":{"rendered":"

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\"www.carajput.com;<\/a>
www.carajput.com; GST<\/figcaption><\/figure>\n

The Cabinet today approved the amendments to the Goods and Services Constitutional Act.<\/h2>\n

The GST <\/a>bill, intends to convert 29 states into a single market through a new indirect tax regime.<\/p>\n

Among the amendments approved include the abolishment of a 1 percent additional tax levy which was demanded by the Opposition parties led by Congress.<\/p>\n

It also approved the compensation for states for five years instead of the earlier ‘up to five years as proposed in the draft GST bill.<\/p>\n

The Constitutional Bill will include that dispute resolution will be handled by the GST council.<\/p>\n

The Cabinet also dropped a 1 percent manufacturing tax.<\/p>\n

The GST<\/a> was supposed to be implemented from April 1, 2016 but strong opposition from Congress led to the delay.<\/p>\n

The Bill has already been passed by the lower house of Parliament and awaits the passage from the Upper House. It requires two-thirds vote to get passed from both houses.<\/p>\n

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  The Cabinet today approved the amendments to the Goods and Services Constitutional Act. The GST bill, intends to convert 29 states into a single market through a new indirect tax regime. Among the amendments approved include the abolishment of a 1 percent additional tax levy which was demanded by the Opposition parties led by …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[4753,3795],"class_list":["post-2585","post","type-post","status-publish","format-standard","hentry","category-gst","tag-additional-tax-levy","tag-indirect-tax-regime"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t