SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GST Bill to be introduced in Lok Sabha for discussion and voting

08 Aug 2016 Evaluate

The Goods and Services Tax (GST) Bill, which was passed by the Rajya Sabha on 3 August, 2016 will be introduced in the Lok Sabha on 8 August 2016 for discussion and voting. The Constitution Amendment Bill is expected to sail through the Lok Sabha, where the Bharatiya Janata Party (BJP)-led National Democratic Alliance has a commanding majority. BJP has issued a whip to its Lok Sabha members to ensure its smooth passage.

Prime Minister Narendra Modi is also expected to join the MPs at the Lower House, where the NDA will navigate the Bill. The Rajya Sabha had passed the Bill with some amendments, which are needed to be again approved by the Lok Sabha.

After its passage in the Lok Sabha, the Bill will go to the state assemblies for ratification. The Bill needs ratification by half of the 29 state assemblies to become a law. After the amendments are carried out, Parliament will pass the GST and Integrated GST Bills and the assemblies will pass state GST Bill for the roll out of the tax reform in the country. The government is working overtime to ensure that at least 50% of the state Assemblies pass the Bill within 30 days of Parliament clearing it. Chief Ministers of several states too have assured that, if required, they will call a special session for the passage of the Bill.

The GST, which was first proposed a decade back, is seen as potentially transformative for India's economy, adding as much as 2 percentage points to the GDP while also improving the ease of doing business and encourage investment in manufacturing. The GST is also aimed at bringing uniform tax regime in the country by subsuming state levies. Under it, a single rate of GST will replace various taxes to ensure seamless transfer of goods and services.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: