Finance Minister Arun Jaitley initiated the debate to pass the Constitution Amendment Bill which was passed by the Lok Sabha in earlier Parliament session.
The Bill seeks to subsume various taxes as far as the central and state governments are concerned. According to the Centre, alcohol will be kept out and on the states’ request, petrol will be kept out of the ambit of GST. However, consumable alcohol will later will be taxable under GST.
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