**Official GST Thread** Livestream of GST Bill in RS

[Star Wars]

205 votes ? ye kaise ?

 

[Abingdonboy]

Yes it will. GST will be a single tax for whole country decreasing the overall indirect tax burden on common man. Thus increasing the consumption. It will bring down the cascading effect of different central and state tax. Thus it will also increase the profit of the corporates and will also act as a motivation for foreigners to invest in country to benefit from GST and increase their profit level.
It will also increase the tax compliance and tax collection of government in long run.

>1% addtional GDP growth with in 3-5 years.

 

[Star Wars]

lol.....that poor reddy guy

 

[Dem!god]

It needed 2/3rd of the people voting, not the total strength of the house.

Actually bro it needed both as it was a Constitutional amendment bill.
1. Majority of the total strength of house ie 245/2 = 123 votes , as well as
2. 2/3 of the member present and voting.
Both criteria needed to be fulfilled.. thus walking out of AIADMK helped bjp in lowering 2nd criteria, if any other party have voted against them.

 

[Abingdonboy]

By when can GST be implemented? April 2017?

That is the GoI's intention but some are calling this ambitious, maybe July-Oct 2017 (according to "experts").

 

[911]

so..did congress manage to water down the bill by insisting on 18% threshold?

It will be discussed later i think. But PC wanted assurance on it from AJ.

Yes it will. GST will be a single tax for whole country decreasing the overall indirect tax burden on common man. Thus increasing the consumption. It will bring down the cascading effect of different central and state tax. Thus it will also increase the profit of the corporates and will also act as a motivation for foreigners to invest in country to benefit from GST and increase their profit level.
It will also increase the tax compliance and tax collection of government in long run.

Now BJP must win in 2019 otherwise we all know where the tax money will go.

 

[ranjeet]

Actually bro it needed both as it was a Constitutional amendment bill.
1. Majority of the total strength of house ie 245/2 = 123 votes , as well as
2. 2/3 of the member present and voting.
Both criteria needed to be fulfilled.. thus walking out of AIADMK helped bjp in lowering 2nd criteria, if any other party have voted against them.

Thanks.

 

[proud_indian]

A guy on ndtv said that the beta version will be there by october

 

[Soumitra]

https://twitter.com/x/status/760865800030937088

 

[neem456]

how come there is no single NO vote.

All of a sudden all in hunkey dorey in parliament, no one opposing bill moved by bjp ?

 

[GuardianRED]

Dinner!!!??.. who is manning the live broadcast ... damn that was embarrassing

 

[rishav]

a money bill does not need the approval of rajya sabha ?

 

[egodoc222]

GST Bill passed!!

 

[JanjaWeed]

It will be discussed later i think. But PC wanted assurance on it from AJ.

Oh OK.. he can be rest assured!

 

[Grevion]

Sorry got a bit carried away.
GST bill is passed with 203 votes in favor.
Congratulations everyone.

 

[SrNair]

how come there is no single NO vote.

All of a sudden all in hunkey dorey in parliament, no one opposing bill moved by bjp ?

All this shouting is only for parties own political existence .
When it comes to the nations interest they all are one.