When the Bill is passed today, we will prepare for the next stage of the debate, which is the Central GST Bill. I want an assurance that when that bill is brought, that will be brought as a Financial Bill and not as a Money Bill: Chidambaram


Please now, on basis of your own report –‘Cap the tax rate’. We mean it cannot be changed with whim of executive. Tax rate of this importance must only be changed with the approval of Parliament: Chidambaram


Firstly, there are still pieces of clumsy drafting in the Bill. In the present list of amendments, you have made some provisions of what will go into the consolidated fund of India. Second issue is multiplicity of taxes. If you give some states power to impose additional 1% tax, it would have led to multiplicity of tax rates. Third major issue is of dispute resolution. Dispute resolution between states and Centre is not a matter on which Constitution is silent. Article 131 speaks loud and clear.Chidambaram  02:40 PM (IST), Aug 03


GST will give a boost to the economy which is now at a critical stage: Arun Jaitley


GST bill will empower the states, will increase revenue of states as well as Centre. It’ll ensure that there is “no tax on tax”: Arun Jaitley


2/3rd of the voting power in the GST council belongs to states. 1/3rd belongs to the Centre” Aug 03



GST will enable seamless transfer of goods across the country: Arun Jaitley


GST is one of the most reformative tax reforms”



In the GST system you can’t have the same assessee being assessed by government and the state” Aug 03



The Union of states can’t exist without Union. We are experimenting a new idea so that the central and state will have uniform tax structure”  Aug 03