NEW DELHI -- Parliament on Thursday passed four legislations to pave the way for roll out of the historic Goods and Services Tax (GST) from the target date of 1 July.
The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017 were returned by the Rajya Sabha after negation of a host of amendments moved by the opposition parties.
The Lok Sabha had passed these bills on 29 March.
All the states will now have to pass the States GST Bill after which the new indirect tax regime can be rolled out.
Replying to about 8-hour-long debate, Finance Minister Arun Jaitley insisted that the GST, which will usher in a uniform indirect tax regime in the country, will not lead to inflation as apprehended by some sections.
The rates are to be discussed by the GST Council on 18-19 May.
Jaitley said once the new regime is implemented, the harassment of businesses by different authorities will end and India will be have one rate for one commodity throughout the country.
The powerful GST Council, comprising Centre and states, has recommended a four-tier tax structure -- 5, 12, 18 and 28 percent. On top of the highest slab, a cess will be imposed on luxury and demerit goods to compensate the states for revenue loss in the first five years of GST implementation.
Jaitley said the successive governments have contributed towards the GST and no one person can take credit for it.
"This Bill, I have no hesitation in conceding, is a collective property," he said.
With implementation of the GST, revenue of the Centre, the states and the industry and trade must benefit, he added.
10 Cooking Tips For Indian Bachelors By Saransh Goila
Embrace Thy Eggs(01 of10)
Open Image ModalBelieve it or not, cooking an egg is easier than making tea, says Chef Goila. Especially if you stick to simple recipes like sunny side up, bhurji (scrambled) and boiled eggs. Convert these eggs into full meals by stuffing them between two buns or doing open sandwiches with veggies and cheese. Eggs can even be microwaved: they take only a minute to 90 seconds in a mug or a deep cup to cook! (credit:Saransh Goila)
Fruits Make For The Ideal TV Snack(02 of10)
Open Image ModalBuy fruits whenever you see them, though in small quantities, says Chef Goila. They’re perfect for snacking: Goila usually chops them up, adds crushed nuts and potato chips and chaat masala to them with nimbu (lemon) as the ultimate sitcom/ cricket match snack! (credit:Saransh Goila)
Invest In A Blender/ Mixer(03 of10)
Open Image ModalIt’ll cost you under 3,000 rupees, and you can prepare exceptional smoothies and shakes in 5 minutes, says Chef Goila. The best part? You don’t even need to cut or chop much as the blender does the job, even if you just clean and roughly chop the veggies or fruits. Always keep milk and yoghurt handy in your fridge to blend your fruit/ veggies in with. (credit:Saransh Goila)
Make Your 2-Minute Noodles Healthier(04 of10)
Open Image ModalIt's not easy to give up insta-noodles when you're living alone. Make 'em healthy by adding lots of vegetables (match the quantity of veggies you're adding to the noodle) or meat to your noodles, says Chef Goila. You can add your meat/ veggies while your noodles cook or grill and boil these separately to add them later. Bonus tip: While the noodles cook, don't just stand there! Use those 5 extra minutes to blend a smoothie or a shake. (credit:Saransh Goila)
Reinvent Leftovers(05 of10)
Open Image ModalCold leftovers or yucky cafetaria food doesn't have to be a choice anymore. If you have leftovers, simply give them a makeover! Chef Goila gives the following tips: 1. Leftover butter chicken + toss with freshly boiled spaghetti = Lunch is ready. 2. Leftover chopped pizza + beat 4/5 eggs + chopped spinach and mushrooms + seasoning + dry herbs. Mix all in a bowl, add Cheese and bake 10 minutes at 180 C. 3. Make a noodles toastie from leftover noodles. Spread schezwan sauce on the bread, and you're good to go! 4. Toss leftover rice with curd to make curd rice. Or with veggies to make fried rice. Or with readymade soups for a bowl meal. Or with a tempering to make tawa or masala pulao. (credit:Saransh Goila)
#FreezeLikeABoss(06 of10)
Open Image ModalIf you can cook basic curries or gravies, cook just a little bit extra. Then cool the mix for a couple of hours, and finally freeze it into ice cube trays, recommends Chef Goila. This way, you can use the gravy whenever you need, and without thawing the entire amount. Frozen gravies can stay perfect for a month or longer depending on the weather and fridge condition. (credit:Saransh Goila)
Give The Knife A Miss(07 of10)
Open Image ModalBuy cleaned and chopped veggies or fruits from the grocery store or even your veggie seller. Yes this is a possibility now, and it saves you a crazy amount of time, says Chef Goila. It can definitely make cooking seem like less of a chore for the ones with prominent lazy bones. (credit:SkintDad.co.uk/Flickr)
Cater To Your Own Party!(08 of10)
Open Image ModalThrowing a party? Save on your budget by assembling a menu that is a mix of ordered and homemade food, says Chef Goila. For instance, order chicken tikka but use it as a stuffing in a taco which can be assembled at home. Buy a sponge or banana cake, chop it up and top it up with whipped cream and chocolate sauce and nuts. Make two-minute noodles with oodles of cheese and sriracha, stuff these noodles in buns to make a makeshift bunny chow. (credit:Saransh Goila)
Invest In The Basics(09 of10)
Open Image ModalInvest in a heavy-duty, nonstick pan, sharp knife and a WOODEN spoon (please don’t scratch the life out of it with a steel spoon). Chef Goila guarantees that most of your cooking will be in this pan whether it is eggs, chicken, or tossing pasta and vegetables. The better it is at handling heat and food, your chances of failure reduce. Also, a sharp knife means lesser chances of cutting a finger, he adds. (credit:BobPetUK/Flickr)
Use The Internet(10 of10)
Open Image Modal