Government Proposes Constitution Amendment Bill in Lok Sabha to Establish Unified Goods and Services Tax System for Economic Growth.

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....The government has introduced a Constitution Amendment Bill in the Lok Sabha aimed at establishing a unified Goods and Services Tax (GST) system. This initiative is intended to streamline the tax structure across the country, promoting economic growth by creating a single, integrated market. The proposed amendment seeks to replace the current fragmented tax system with a comprehensive GST framework, thereby enhancing efficiency and reducing the complexity of tax compliance for businesses.....