Wed, Mar 29, 2017 | updated 06:48 PM IST

GST aims to bring India under 'one nation, one tax' regime: Jaitley in LS

Updated: Aug 08, 2016 15:37 IST

New Delhi, Aug 8 (ANI): Union Finance Minister Arun Jaitley on Monday said the aim of the Goods and Service Tax (GST) Bill is to make India come under 'one nation, one tax' regime, adding the proposed bill aims to eradicate tax evasion, multiplicity and cascading effects of tax.

"We are making an attempt to make 'one nation, one tax' to avoid complexities," Jaitley said in the Lok Sabha.

"If one pays tax at one stage, they won't have to give another tax on that tax component. So, tax on tax will be eradicated," he added.

Jaitley further said that the government would try to accommodate the opinions put forth by the opposition parties to ensure smooth passage of the GST Bill.

"The government is trying to accommodate the opinions of all parties," he said.

The GST Bill has been tabled in the Lok Sabha to make necessary changes in accordance with the amendments made in the Rajya Sabha.

The GST Bill, which is said to be India's biggest reform till date, will be ratified in the lower house where Prime Minister Narendra Modi will speak.

Last week, the GST Bill was passed in Rajya Sabha with the thumping majority of 203 votes.

The All India Anna Dravida Munnetra Kazhagam ( AIADMK) members, however, walked out of the Upper House and abstained from voting

After its passage in the Lok Sabha, the Bill will go to the state assemblies for ratification. The Bill needs to be ratified by half of the assemblies to become a law.

After the amendments are carried out, Parliament will pass the GST and Integrated GST Bills and the assemblies will pass state GST Bill for the roll out of the tax reform in the country.

The chief ministers have assured that if required they would call a special session for the passage of the Bill in their state assemblies.

The GST is aimed at bringing uniform tax regime in the country by subsuming state levies.

Under it, a single rate of GST will replace various taxes to ensure seamless transfer of goods and services. (ANI)

Tripura (Agartala) [India], Mar. 29 (ANI): Tripura Forest Development and Plantation Corporation Limited (TFDPC) today handed over a cheque of Rs 14.26 crores to the state government with a motive to help economic empowerment of rural poor and tribals.

Full Story >>

NASA, ISRO jointly working on project NISAR

Updated: Mar 29, 2017 18:27 IST

New Delhi [India], Mar. 29 (ANI): The Indian Space Research Organisation (ISRO) and Jet Propulsion Laboratory (JPL), National Aeronautics and Space Administration (NASA) are jointly working on the development of Dual Frequency (L and S band) Synthetic Aperture Radar Imaging Satellite named as NASA-ISRO Synthetic Aperture Radar (NISAR).

Full Story >>

Ralegan Siddhi (Maharashtra) [India], Mar. 29 (ANI): Social activist Anna Hazare on Wednesday announced his decision to launch an agitation demanding implementation of the Lokpal.

Full Story >>

New Delhi [India], Mar.29 (ANI): Members of Parliament (MPs), cutting across party lines, participated with enthusiasm in a mass awareness programme for promoting sports culture in the country, particularly the game of football.

Full Story >>

Arakkonam (Tamil Nadu) [India], Mar 29 (ANI): The Indian Navy on Wednesday gave a befitting farewell to TU142M aircraft in a special ceremony that was organised at INS Rajali, Naval Air Station.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Centre has informed that India has taken up the U.S. visa fee hike matter in the Dispute Settlement Body of the World Trade Organisation (WTO).

Full Story >>

Udaipur (Rajasthan) [India], Mar. 29 (ANI): A major forest fire which broke out yesterday near Eklingarh Army Cantonment in Udaipur was successfully doused today

Full Story >>

Sukma (Chhattisgarh) [India], Mar. 29 (ANI): A Canadian national, who had gone missing in Chhattisgarh's Maoist-affected Sukma district, was found in the Arlampalli village on Odisha-Chhattisgarh border.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Expressing satisfaction with the Delhi High Court re-opening five cases regarding the 1984 anti-Sikh riots case, the Bharatiya Janata Party (BJP) on Wednesday hoped that the cases gets fast tracked and justice is delivered swiftly.

Full Story >>

Kolkata (West Bengal) [India], Mar. 29 (ANI): The Central Bureau of Investigation (CBI) on Wednesday registered a case against two directors of Kolkata based private company and said private company and the then Chief Manager of Industrial Finance Branch of State Bank of India (SBI), Kolkata and others.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Assuring punishment against the culprits who slapped an African national in Noida, the Bharatiya Janata Party (BJP) on Wednesday showed concern adding that strict action will be taken against the guilty.

Full Story >>

Saharanpur (Uttar Pradesh) [India], Mar. 29 (ANI): Raising her voice against the much debated Triple Talaq, a pregnant woman has written to Prime Minister Narendra Modi urging him to ban the controversial practice, after she was was abandoned by her husband.

Full Story >>

New Delhi [India] Mar. 29 (ANI): Two out of the three accused involved in the Abu Dhabi ISIS case have moved an application of guilty in a special National Investigation Agency (NIA) court.

Full Story >>

New Delhi [India], Mar 29 (ANI): The Supreme Court on Wednesday asked the Special Investigation Team (SIT) of the Karnataka Police to probe allegations against two former chief ministers N. Dharam Singh and H. D. Kumaraswamy in connection with an iron ore mining case.

Full Story >>

New Delhi [India], Mar 29 (ANI): The Supreme Court on Wednesday imposed a ban on sale of BS-III vehicles from April 1 when the Bharat Stage (BS)-IV emission norms for vehicles will come into force.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Fumed by the recent violence in Budgam, which witnessed and encounter and incidents of stone pelting, in which three civilians were killed and 60 security personnel were injured, the Bharatiya Janata Party (BJP) on Wednesday slammed the separatist leaders for their hypocrisy, saying that they are pushing the youth of the Valley into this conflict while their own children are kept in safe places.

Full Story >>

New Delhi [India],Mar.29 (ANI): Seeking to bridge gaps in police response to victims of rape and sexual assault, the Commonwealth Human Rights Initiative (CHRI) convened a National Conference on 'First Response, Good Policing and Rape Survivors' in collaboration with the British High Commission earlier today.

Full Story >>

New Delhi [India], Mar. 29 (ANI): The Delhi High Court on Wednesday reopened five cases in connection with the 1984 anti-Sikh riots that were closed in 1986.

Full Story >>

New Delhi/ Patna (Bihar) [India], Mar. 29 (ANI): Following reports that Bihar Chief Minister Nitish Kumar may join hands with the National Democratic Alliance (NDA), the Bharatiya Janata Party (BJP) on Wednesday asserted that Janata Dal United is a small party, adding that it first needs to lead in its own state then rule the country.

Full Story >>

New Delhi [India], Mar. 29 (ANI): Criticising the recent Budgam encounter, the Congress Party on Wednesday said talks is the only way to control the situation in Kashmir Valley, adding that the BJP-PDP Government is just trying to cover the matter.

Full Story >>