All eyes on GST Bill as monsoon session of parliament begins

The government would make all efforts to pass the much touted GST Bill, apart from others

GN Bureau | July 18, 2016


#GST bill   #Monsoon session   #taxes  

 The monsoon session of the parliament, which commenced Monday, would witness discussions on a host of bills. The most prominent and talked about is the Goods and Services Tax (GST) Bill which aims to make laws for levying goods and services tax on every transaction of supply of goods or services or both. If passed, the goods and services tax would replace a number of indirect taxes presently being levied by the central as well as the state governments, with an intention to remove cascading of taxes and provide a common national market for goods and services. 

READ: BJP to feel the heat on NSG and Kashmir from Congress

PRS Legislative Research has consolidated the list of bills (and their key objectives) to be introduced in the parliament. 
Here’s a look at those listed for consideration and passing:
 
GST Bill, 2014: Introduces the Goods and Services Tax to give concurrent taxation powers to both the centre and states, and creates a Goods and Services Tax Council.
 
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016: Amends four laws to address issues related to debt recovery, including expeditious adjudication of cases.
 
The Indian Trusts (Amendment) Bill, 2015: Amends Indian Trusts Act, 1882 to permit trustees to invest trust money in securities authorised by the trust deed or central government. 
 
The Homoeopathy Central Council (Amendment) Bill, 2015: Makes it mandatory for all homoeopathy medical colleges to obtain prior permission from the central government for admission of new batches of students.
 
The Child Labour (Prohibition and Regulation) Amendment Bill, 2012: Prohibits the employment of children below 14 years in any occupations and of adolescents between 14-18 years in certain hazardous occupations.
 
The Enemy Property (Amendment and Validation) Bill, 2016: Vests all rights, titles and interests over enemy property in an office of the central government. 
 
The Whistle Blowers Protection (Amendment) Bill, 2015: Specifies grounds under which public interest disclosures related to corruption may not be made.
 
The Compensatory Afforestation Fund Bill, 2015: Seeks to establish funds at the national and state levels to receive money collected as compensation for diverted forest land. 
 
The Regional Centre for Biotechnology Bill, 2016: Provides legislative backing to the Regional Centre in Faridabad, Haryana and give it the status of an institute of national importance.
 
Apart from these, there are six other bills listed for introduction, consideration and passing: 
 
The Indian Medical Council (Amendment) Bill, 2016: Introduces a uniform entrance examination for all medical educational institutions.
The Dentists (Amendment) Bill, 2016: Introduces a uniform entrance examination for all dental colleges.
 
The High Courts (Alteration of Names) Bill, 2016: Changes the names of Bombay and Madras High Courts to Mumbai and Chennai High Courts, respectively.
 
The Institutes of Technology (Amendment) Bill, 2016: Incorporates six new IITs at Tirupati (Andhra Pradesh), Palakkad (Kerala), Dharwar (Karnataka), Bhilai (Chhattisgarh), Goa and Jammu (J&K) and converts Indian School of Mines, Dhanbad to an IIT, under the IIT Act, 1961.
The National Institutes of Technology, Science Education and Research (NITSER) (Amendment) Bill, 2016: Incorporates National Institute of Technology, Andhra Pradesh in First Schedule of NITSER Act, 2007.
 
The Use and Regulation of DNA based technology in Civil and Criminal Proceedings, Identification of Missing Persons and Human Remains Bill, 2016: Regulates the use of DNA analysis of human body substances profiles, and establishes the DNA Profiling Board and a National DNA Data Bank.
 

 

Comments

 

Other News

US action on Hizb chief dampens Kashmiri separatists’ spirits

The USA declaring Hizbul Mujahideen chief Syed Salahuddin as a specially designated global terrorist may not take the sting out of terrorists’ plans in Kashmir immediately but it has given a huge setback to Kashmiri separatists who had always hoped for American intervention in the Indo-Pak standoff o

Music is universal. It has no language: Vani Jairam

Vani Jairam’s childhood dream of becoming a playback singer was realised when veteran film music composer Vasant Desai gave her the opportunity to sing Bole Re Papi Hara and two other songs in the movie Guddi. After that, the multilingual singer went on to sing for eminent music per

Should there be death penalty for those involved in lynching?

Should there be death penalty for those involved in lynching?

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights





Video

चीन ने लगाया भारतीय सेना पर यह आरोप

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter