Lok Sabha debates on GST Bill on Wednesday, One Nation One Tax
Four GST Bills, the Central Goods and Service Tax (CGST), Integrated Goods and Service Tax (IGST), Union Territories-GST (UT GST) and GST Compensation Bills, were tabled at the Budget Session of the Parliament on Monday.
Jaitley hailed the bill as 'one nation, one tax' and said it does away with tax on taxes.
He said, among other things, GST implementation will help raise revenues, make business transactions smoother, cut down red tape and promote growth.
Jaitley proposed that the GST Council will have members from 29 states and two Union Territories.
Image: AIRNews twitter
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