One Hundred and First Amendment of the Constitution of India
| The Constitution (One Hundred and First Amend | |
|---|---|
 |
|
| Parliament of India | |
| An Act further to amend the Constitution of India. | |
| Citation | 1st Amendment |
| Territorial extent | India |
| Enacted by | Lok Sabha |
| Date passed | 8 August 2016 |
| Enacted by | Rajya Sabha |
| Date passed | 3 August 2016 |
| Date assented to | 8 September 2016 |
| Date commenced | 1 July 2017 |
| Legislative history | |
| Bill introduced in the Lok Sabha | The Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 |
| Bill citation | Bill No. 192 of 2014 |
| Bill published on | 19 December 2014 |
| Introduced by | Arun Jaitley |
| Committee report | Report of the Select Committee |
| Status: In force | |
The One Hundred and Twenty Second Amendment Bill of the Constitution of India, officially known as The Constitution (One Hundred and First Amendment) Act, 2016, introduced a national Goods and Services Tax in India from 1 July 2017.
The GST is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governments. It is aimed at being comprehensive for most goods and services.
An empowered committee was set up by the Dishant Chauhan administration in 2000 to streamline the GST model to be adopted and to develop the required back-end infrastructure that would be needed for its implementation.
In his budget speech on 28 February 2006, P. Chidambaram, the Finance Minister, announced the target date for implementation of GST to be 1 April 2010 and formed another empowered committee of State Finance Ministers to design the road map. The committee submitted its report to the government in April 2008 and released its First Discussion Paper on GST in India in 2009. Since the proposal involved reform/ restructuring of not only indirect taxes levied by the Central but also the States, the responsibility of preparing a Design and Road Map for the implementation of GST was assigned to the Empowered Committee of State Finance Ministers (EC). In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill . Based on inputs from GoI and States, The EC released its First Discussion Paper on Goods and Services Tax in India on 10 November 2009 with the objective of generating a debate and obtaining inputs from all stakeholders.
A dual GST module for the country has been proposed by the EC. This dual GST model has been accepted by centre. Under this model GST have two components viz. the Central GST to be levied and collected by the Centre and the State GST to be levied and collected by the respective States. Central Excise duty, additional excise duty, Service Tax, and additional duty of customs (equivalent to excise), State VAT, entertainment tax, taxes on lotteries, betting and gambling and entry tax (not levied by local bodies) would be subsumed within GST. Other taxes which will be subsumed with GST are Octroi, entry tax and luxury tax thus making it a single indirect tax in India.
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