GST Bill to be introduced in current session: Jaitley

K R Srivats Updated - December 01, 2014 at 12:12 PM.

The Centre will introduce the much awaited GST Bill in the current Winter Session of Parliament itself, Finance Minister Arun Jaitley has said.

"We will introduce it (Goods and Services Tax) in this session," Jaitley told reporters on the sidelines of a workshop on mergers held in the Capital on Monday.

EGoM meet

A meeting of the Empowered Committee of State Finance Ministers is expected to be held in the next few days.

A broad consensus on the architecture and the proposed legal framework for GST framework is expected to emerge at this meeting.

Introduction of GST has been a work in progress for over half-a-decade now. If implemented, GST will be one of the most important tax reforms undertaken by India.

>srivats.kr@thehindu.co.in

Published on December 1, 2014 05:36