This Constitution Amendment Bill passed by Parliament had ratified by more than half of the total states before it could be sent for Presidential assent.                                 

GST aims to do away with multiple-tax regime on goods and services and bring them under one rate. It will alter the present system of production-based taxation to a consumption-based one. The government has set a deadline of April, 2017 for its roll-out.                                                                                  
         
While manufactured consumer goods will become cheaper as the incidence of excise duty and VAT will come down from 25-26 per cent at present, the cost of services would by and large, go up from the present 15 per cent levy.

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