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Rajya Sabha panel okays GST bill, suggests five-year central compensation

<p>The Select Committee of the Rajya Sabha on the Goods and Services Tax Bill has advised changes in provisions relating to compensation for states and on levy of one percent additional tax by states on the inter-state supply of goods</p>

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New Delhi: The Select Committee of the Rajya Sabha on the Goods and Services Tax Bill has advised changes in provisions relating to compensation for states and on levy of one percent additional tax by states on the inter-state supply of goods.

The suggestions were made on Wednesday as the committee submitted its report to the Rajya Sabha, the upper house of parliament. The report, which by majority endorsed almost all the GST bill provisions is, however, marked by dissent notes from the Congress, AIADMK and Left parties.

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