Government says accepts Congress demands on GST bill


THE government said on Thursday (January 7) it agreed to accept demands set by the Congress party to back a landmark tax reform, raising hopes a political standoff that blocked the measure throughout last year might be resolved. Parliamentary Affairs Minister Venkaiah Naidu also said the government was willing to bring forward the next parliament session to pass the proposed goods and services tax bill (GST) if Congress supports the measure. The proposed tax, India’s biggest revenue shake-up since independence in 1947, would seek to replace a slew of federal and state levies, transforming the nation of 1.2 billion people…

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