GST Bill likely to be tabled in Lok Sabha on Monday

The GST Bill, which was passed by Rajya Sabha on Wednesday (See: Rajya Sabha clears GST bill; AIADMK stages walkout), is likely to be tabled in Lok Sabha on Monday, 8 August. The amendments made by Rajya Sabha in the Constitution (One Hundred and Twenty Second Amendment) Bill, 2016, as passed by Lok Sabha and as reported by the Select Committee of Rajya Sabha, have been now laid on the Table of the Lok Sabha and will be taken up by the House next week.

The BJP issued a whip on Friday to its Lok Sabha MPs to be present in the house on Monday to ensure its smooth passage.

The Constitution Amendment Bill is expected to be passed with a comfortable majority in the Lok Sabha, where the BJP-led NDA has an outright majority.

World Bank chief economist Kaushik Basu, who till July 2012 was chief economic adviser to the government of India said on Friday the new tax regime will usher in long-term economic benefit, though there could also be short-term price jerk or inflation