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مشاهدة النسخة كاملة : India?s parliament passes key tax reform bills


ahlam1399
03-31-2017, 05:56 AM
https://www.thenews.com.pk/assets/uploads/akhbar/2017-03-31/l_195572_031100_print.gif NEW DELHI: India’s lower house of parliament on Wednesday passed four supporting bills that will pave the way for a landmark tax reform and transform the world’s fastest growing eco**my into a common market.

The government aims to launch the goods and services tax (GST) law by July 1, replacing the decades-old *****work of federal and state taxes, in one of the biggest eco**mic reforms under right-wing Prime Minister Narendra Modi’s government.

The four bills, which deal with central, regional and inter-state goods and service taxes, were passed by a vote after a seven-hour discussion.

"It is a landmark tax reform since independence. A historic day for all of us," Finance Minister Arun Jaitley tweeted.

But the main opposition Congress Party leaders challenged the government on the radical tax reform calling it "only a baby step". The bills will **w be presented before the upper house.

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