2⃣ Changes Made to GST 📜Bill

  |   India News

By Fråst🐺

The Cabinet approved 2⃣ key changes to the GST 📜Bill to address the concerns of the Opposition. The Cabinet has removed the provision for a 1% additional tax levy by manufacturing States. It has introduced a 5⃣-year 💯% compensation guarantee for the States to make up for any loss in revenue💰 due to the 📜Bill. The decisions were made by the Empowered Committee of State Finance Ministers with Union Finance Minister💰 Arun Jaitley. There is still no agreement on whether the GST rate should be included in the 📜Bill – which happens to the main reason why the ✋Congress refuses❌ to let it pass.

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