<h1>Finance Minister Introduces Constitution Amendment Bill for GST Implementation, Unifying National Market and Simplifying Tax Regime.</h1> The Finance Minister introduced the Constitution Amendment Bill in the Lok Sabha to facilitate the implementation of the Goods and Services Tax (GST) in India. Approved by the Union Cabinet, the bill aims to amend the Constitution, allowing both Parliament and State legislatures to legislate on GST. This tax reform seeks to simplify the indirect tax regime, improve compliance, and create a unified national market. Key features include the establishment of a GST Council, compensation to states for revenue loss, and the inclusion of most goods and services under GST, excluding alcoholic beverages and temporarily excluding petroleum products.