Discussion on the Goods and Services Tax Bills in the Lok Sabha is underway. Earlier in the day, Finance Minister Arun Jaitley moved CGST, IGST, UT GST and GST Compensation Bills in the Hosue. <br/><br/>Speaking on the bills, Mr. Jaitley said the four GST Bills are being taken together as the context is same. He said the current indirect tax regime will be replaced by new mechanism under GST that will be run by new federal system. He said, the tax rates will be kept at the current levels so as not to have any inflationary impact. <br/><br/>The finance minister said, all the Bills and tax slabs have been approved by the GST Council through consensus. He said, GST Council is unique example of federal institution where the Centre and States are pooling their sovereignity into it.<br/><br/>Government has set a target of first of July for rollout of GST, which will subsume excise, service tax, VAT and and otherlocal levies. Once these Bills are cleared by Parliament, the states will then take the state GST Bill to their respective assemblies. S-GST has been prepared as a model of the central GST, with each state incorporating state-specific exemptions. Initiating the discussion, M Veerappa Moily of Congress criticised the government's move and said, the GST bill can not be termed as a game changer. He alleged that the new legislation will lead to tax distortion between the State and Central tax administration. He also alleged ththat there is no anti-inflationary measures in the bill.<br/><br/>Udit Raj of BJP has termed the GST bill as revolutionary to transform economy of the country. He said, it will lead to put in place one nation- one tax. He said, the prices of commodities will come down after the implementation of the new tax regime. After listing out Tamil Nadu's concerns, G Venkatesh Babu of AIADMK complimented the central government for addressing several other issues. He said, the State is concerned about the impact of GST on its fiscal autonomy. Kalyan Bnaerjee of TMC said, the new tax regime will benefit the common man and will boost ease of doing business. He also urged the government to look into the defects if any in the bill before rolling it out. Bhartruhari Mahtab of BJD said, there is not much expectation form the GST. He also raised some issues concerning his state Odisha.<br/><br/>Mulayam Singh Yadav of Samajwadi Party said that his party is not opposing to the bill but giving some suggestions.<br/><br/>He said, a resolution should be brought in the House to ensure that no suicide take place in the country due to poverty and hunger. Discussion is continuing.