The Centre and the States have reached a consensus on the Constitution Amendment Bill on Goods and Services Tax, GST after Finance Minister Arun Jaitley's meeting with state Finance Ministers. With the end of the deadlock, the GST Bill is likely to be tabled in the current session of the parliament. Sources said that petroleum products are likely to be kept outside the Bill and the Centre may try for a constitutional provision for the GST compensation fund. The entry tax is likely to be subsumed into the GST. Talking to media after the meeting, Chairman of the Empowered Committee of State Finance Ministers on GST, Abdul Rahim Rather said that GST was discussed elaborately and the discussions are moving in a positive direction.

Yesterday, Minister of State of Finance Jayant Sinha had said that the government expects to table the bill in the current session of Parliament.