Govt will not bring GST bill in this session: Jaitley
According to media reports, Union Finance Minister Arun Jaitley said the Goods and Services Tax (GST) bill will not be taken up in the ongoing Parliament session but will be brought in Budget session.
The proposed GST Bill will be to have a national sales tax reform so that state duties do not overlap. It will replace all indirect taxes levied on goods and services by the Central and State governments. It is aimed at being comprehensive for most goods and services..
The industry had reacted positively to the Bill following the Cabinet’s nod .
Shashi Kiran Shetty, Founder and Executive Chairman of Allcargo Logistics, said logistics companies will be the biggest beneficiaries once GST rollout takes place, and players in Multimodal Transport i.e. Integrated Logistics companies with focus on India will reap benefits.
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