GST Bill Hindi Pdf – GST: A look at the changes proposed to the Constitution (122nd Amendment) Bill, 2014 -GST Bill Hindi Pdf -Constitution (122nd Amendment) Bill, 2014
|Clause||2014 Bill||2016 proposed amendments|
|Additional tax up to 1% on inter-State trade||An additional tax of up to 1% on the supply of goods will be levied by centre in the course of inter-State trade or commerce.|
The tax will be directly assigned to the States from where the supply originates.
This will be for two years or more, as recommended by GST Council.
|Deletes the provision.|
|Compensation to States||Parliament may, by law, provide for compensation to states for any loss of revenues for a period which may extend to five years. This would be based on the recommendations of the GST Council.|
This implies that Parliament may decide
|Parliament shall, by law, provide for compensation to states for any loss of revenues, for a period which may extend to five years.|
This would be based on the recommendations of the GST Council.
This implies that
|Dispute resolution||The GST Council may decide upon the modalities to resolve disputes arising out of its recommendations.||The GST Council shall establish a mechanism to adjudicate any dispute arising out of its recommendations.|
Disputes can be between:
|Replacement of the term IGST||Under the 2014 Bill, the GST Council would make recommendations on the apportionment of the Integrated Goods and Services Tax (IGST).|
However, the term IGST was not defined.
The 2016 amendments replace this term with ‘goods and services tax levied on supplies in the course of inter-State trade or commerce’.
|This is a technical change in relation to the apportionment|
of the IGST.It clarifies that the states’ share of the IGST shall not form a part of the Consolidated fund of
|Inclusion of CGST and IGST in tax devolution to states||The GST collected and levied by the centre, other than states’ share of IGST,(CGST and Centre’s share of IGST) shall also be distributed between the Centre and States.||The amendments state that the CGST and the Centre’s share of IGST will be distributed between the Centre and States.|
This is just a restatement of the provisions in the 2014 Bill in