Lok Sabha takes up GST Bill today: 10 facts

The Lok Sabha is all set to discuss the Goods and Services Tax Bill today, after finance minister Arun Jaitley tabled the landmark tax reform bill on Monday. The GST, which the government expects to implement from July 1, is the biggest tax reform since independence. The GST regime will subsume various indirect levies of the Centre and states, create an input tax credit chain for refunds, while also making way for an anti-profiteering authority. The debate will begin at noon today and the House has been allotted 7 hours for discussion.