The historic Goods and
Services tax (GST) Bill, which was passed by the Rajya Sabha last week, is scheduled to be taken up and ratified today (8th
August 2016) at the Lok Sabha. Six official amendments, including the scrapping of a
1 per cent additional tax was approved by the Rajya Sabha in majority which
needs to be ratified by the Lok Sabha after which 50% of the states need to
sanction the same.