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India's GST Bill Passed by Lower House of Parliament

|Proposed Changes|India
India

On 6 May 2015, India's lower house of parliament, Lok Sabha, passed the bill amending the constitution to allow for the introduction of a national goods and services tax (GST). The amendments confer powers to the country's federal and state governments to create GST legislation, and to create a GST council to advise on tax rates, threshold limits, and exemptions.

The bill also includes an over…

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