{"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":"<p>&nbsp;<\/p>\n<figure id=\"attachment_8981\" aria-describedby=\"caption-attachment-8981\" style=\"width: 768px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/08\/17.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8981\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/08\/17.png\" alt=\"www.carajput.com; GST\" width=\"768\" height=\"371\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/08\/17.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2016\/08\/17-300x145.png 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a><figcaption id=\"caption-attachment-8981\" class=\"wp-caption-text\">www.carajput.com; GST<\/figcaption><\/figure>\n<h2>The Cabinet today approved the amendments to the Goods and Services Constitutional Act.<\/h2>\n<p>The <a href=\"https:\/\/www.caindelhiindia.com\/blog\/application-of-gst-on-contribution-by-rwa-members\/\">GST <\/a>bill, intends to convert 29 states into a single market through a new indirect tax regime.<\/p>\n<p>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<p>It also approved the compensation for states for five years instead of the earlier &#8216;up to five years as proposed in the draft GST bill.<\/p>\n<p>The Constitutional Bill will include that dispute resolution will be handled by the GST council.<\/p>\n<p>The Cabinet also dropped a 1 percent manufacturing tax.<\/p>\n<p>The <a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">GST<\/a> was supposed to be implemented from April 1, 2016 but strong opposition from Congress led to the delay.<\/p>\n<p>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<p>Popular Blogs:<\/p>\n<p><a href=\"https:\/\/carajput.com\/learn\/cbdt-issue-an-explanation-in-respect-of-direct-tax-vivad-se-vishwas-act-2020.html\">CBDT issue an explanation in Vivad se Vishwas act,2020<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/learn\/income-tax-department-hopes-to-finalize-all-faceless-eassessments-by-midseptember.html\">CBDT-Tax deptt. hopes to finalize all faceless e-assessment<\/a><\/p>\n<p><a href=\"https:\/\/carajput.com\/learn\/tax-filing-changes-are-taken-into-account-when-making-the-itr-for-fy-20192020.html\">Tax filing Changes are taken into account when filing ITR for FY-2019-20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; 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 &hellip;<\/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],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2585"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=2585"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2585\/revisions"}],"predecessor-version":[{"id":20339,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2585\/revisions\/20339"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}