The government is keen to push the passage of three legislations related to the main GST bill in the ongoing Winter session, as Parliamentary nod for these bills is must for rolling out GST from the target date of April 1, 2017.
The three bills related to GST are--the Central Goods and Services Tax Bill, the Integrated Goods and Services Tax Bill, the Goods and Services Tax (Compensation for Loss of Revenue) Bill.
As per the GST Constitution Amendment Bill, which was notified on September 17, 2016, the government is required to complete the process of implementation of GST within a year.
The all powerful GST Council, which is chaired by the Finance Minister and has representations from state, had already decided on a four-tier rate structure--5, 12, 18 and 28 per cent--with a cess over and above the peak rate for luxury and demerit goods.
The government has listed total nine bills which also includes Surrogacy (Regulation) Bill for introduction, consideration and passage.
The government has listed 10 pending bills including HIV AIDS Prevention and Control bill, Mental Health Care bill, Maternity Benefit Amendment bill, Prevention of Corruption (amendment) bill and Consumer Protection bill for consideration and passing as these bills have already been introduced in Parliament.
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