Sunday 6 December 2015

GST, Real Estate Bills listed in Rajya Sabha for next week

 Being a Constitutional amendment, the GST Bill has to be approved by 2/3 majority in both Houses and half of the state assemblies. Lok Sabha has already passed the Bill
NEW DELHI: Government has managed to take the Opposition on board for listing the crucial Goods and Services Tax Bill for discussion and passage in the Rajya Sabha though a consensus on the proposed legislation is still in the works.

The Rajya Sabha Business Advisory Committee- comprising of MPs from all major parties- agreed to the government suggestion for listing the GST Bill for discussion and passage in the week starting December 7. Four hours have been allocated for this.

Being a Constitutional amendment, the GST Bill has to be approved by 2/3 majority in both Houses and half of the state assemblies. Lok Sabha has already passed the Bill.

Meanwhile, government is engaged in back channel negotiations with Congress to get its support. Once Congress chief Sonia Gandhi is back from the US, there will be more clarity on the main opposition's stand.

The Real Estate Bill will also be taken up for discussion and passage in Rajya Sabha in the coming week. Two hours have been set aside for it.

However, government will go ahead with these Bills in the coming week only once it is sure of their passage, sources said.

Source: ET Realty

No comments:

Post a Comment