The government is scheduled to table the Goods and Services Tax (GST) Constitution Amendment Bill during the current session of Parliament for consideration. And, Finance Minister Pranab Mukherjee is hopeful of having the GST legislation before year-end. "GST is a win-win situation for all stakeholders," he said, adding that it would, however, depend on political consensus and states' support as at least 15 states will need to ratify GST.
The FM on Saturday interacted with the industry body CII to clear the air on Union Budget 2011. For a complete lowdown, watch video. Further, he also said that the government would have to tread carefully on agricultural mechanization. Meanwhile, R Gopalan Secretary of the Department of Economic Affairs (DEA) also said that they were close to indentifying sectors that will be defined as infra, which be finalized within a month.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
