After discussions, there may be changes the Bill.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
The panel suggested inclusion of alcohol and petroleum products in GST, as is being demanded by the Congress.
The Congress, however, said it wanted to see the final print on the wording of the dispute resolution mechanism before committing its support to the Bill
GST is intended to create a single market and boost commerce in India's $2 trillion economy
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
The Rajya Sabha approved 15 legislations during the session while the Lok Sabha passed 23 bills, including the GST bills.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Investors will keenly watch US Fed meet starting Tuesday
Select committees of the House have already submitted their reports
The progress of the GST Bill in Parliament is also likely to remain in focus
The UPA government has decided to introduce two contentious bills -- the Goods and Services Tax Bill and the Land Acquisition (Amendment) Bill -- in the budget session of Parliament that kicks off on Monday.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
Sensex in green, JSW climbs higher.
With logjam in the Upper House leaving key bills in the limbo, Rajya Sabha chairman Hamid Ansari has called an all-party meeting on Friday.
The Budget session of Parliament is set to start on a stormy note on Tuesday with issues like the Jawaharlal Nehru University row, Dalit scholar Rohith Vemula's suicide and Pathankot terror strike set to dominate the proceedings.
The GST bill is stuck in the Rajya Sabha where the ruling NDA govt does not have a majority as well as stiff opposition by the Congress
Chartered accountant and commentator M R Venkatesh on why the GST Bill will cost the BJP dear.
The session will have 20 working days for now.
Private lenders were among the top losers along with RIL.
The Madhya Pradesh government on Monday presented an alternative model of the GST but some states immediately raised objections to it.
According to Mitra, items such as foodgrain, vegetables, leather goods, footwear, cottage cheese, puffed and flattened rice, books and entertainment tax, among several others, should be in the zero-tax bracket.
In a major reach-out to the main Opposition, the prime minister invited Gandhi and Singh over tea at his Race Course Road residence around 7 pm.
Financial shares were among the top gainers with HDFC leading the gains.
States are apprehensive of losing their rights to raise revenue during emergencies.
On the eve of Winter session of Parliament, Rahul Gandhi on Wednesday said that the Congress "strongly" believed that the government should reach out to the Opposition on certain issues.
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The GST Bill, introduced in Parliament in 2010, is being vetted by the Standing Committee on Finance. Now, the states and the Centre would together finalise the draft and bring it back to Parliament.
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The Direct Taxes Code bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.
A 7:2 majority verdict by the apex court ruled that the tax legislation by the state does not require the consent of the President under Article 304 B of the Constitution
Sentiments in global markets, movement of rupee against the dollar and crude oil prices will dictate near-term trend
Swatting away Prime Minister Narendra Modi's statement suggesting that the opposition must not paralyse Parliament based on their 'whims and fancies', Congress chief Sonia Gandhi said on Friday that he could say whatever he wanted, hinting at no signs of backing down.
Sensex rises, snapping two-session losing streak; banks, auto gain.
market rally, especially in mid-caps, has also been driven by a pick-up in the monsoon and the government's resolve to get the goods and services tax (GST) Bill cleared in the recent session of Parliament.
The winter session of Parliament is set to be stormy with Opposition parties closing ranks to target the government on issues including 'intolerance' even as the ruling dispensation expressed its readiness to discuss all issues.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
Modi on Friday invited the Congress leaders at his Race Course Road residence at 7 PM, sources said.
The average rating was seven out of 10.
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