New Delhi: The long-delayed GST Constitution bill was finally passed by Parliament on Monday, marking a historic move for tax reforms which Prime Minister Narendra Modi said was “crucial” for ending tax terrorism besides reducing corruption and black money while making consumer the “king”.
The Constitution (122nd Amendment) Bill, which was passed by the Lok Sabha in May 2015, was taken up again by the Lower House to approve the changes made in it by the Rajya Sabha last week. The government had moved six official amendments, including scrapping of 1 per cent additional tax, to the bill which were approved by the Upper House.
After a six-hour debate, the Lower House passed the bill with all the 443 members present voting in favour after AIADMK members staged a walkout in opposition to the measure.
PM Modi “humbly” thanked all parties for supporting the GST, saying it reflected “maturity” of the Indian democracy as such a crucial legislation was approved with consensus rather than on the basis of numbers.
Modi called it a “great step by team India” that will help transform the economy, bring in transparency and bring in the system of “one country one tax”.
“A memorable day for our democracy. Today we have taken a historic step in the journey to free the nation from the menace of tax terrorism,” PM Modi tweeted later.
“GST will benefit the consumer & small business, which are our nation’s strength. Due to GST transparency will be enhanced. Its a win-win,” he further wrote.