GST Bill passed in Rajya Sabha

TIL Desk/Business/New Delhi-With main opposition Congress and most other parties on board, Rajya Sabha tonight passed a bill to amend the Constitution to facilitate rollout of the historic GST amid government’s assurance that the tax rates would be kept “as low as possible”.

The Constitution (122nd Amendment) Bill, 2014 was approved by the Upper House with 203 votes in favour and none against, after a seven-hour debate during which a rare bonhomie was witnessed among the ruling and the opposition parties.

The bill was passed by the Lok Sabha earlier. It will now go back to the Lower House to incorporate the amendments approved by the Rajya Sabha. The bill will also have to be approved by 50 per cent of all the state assemblies.