122ND

AMENDMENT
BILL Vs. ACT BILL
122nd Amendment Bill

Highlights

Key Issue

Changes to the COI

 122ND
AMENDMENT
BILL 122nd bill BILL
Vs.
GST
ACT
101 act
st

Bill → Idea
Act → Rule
 122ND
AMENDMENT
BILL
Bill ACT
• an idea to bring • when that Idea
changes to the is brought to
constitution implementation
 122ND
AMENDMENT
BILL
122nd 101st
Amendment amendment
Bill act

ACT
Bill
 122ND
Loksabha AMENDMENT
BILL
101st Act Dec 2014
122nd
Amend
ment
Act

Then FM
RajyaSabha Arun
Jaitley
 122ND
AMENDMENT
Highlights
BILL
Powers to
Goods and Alcohol 5 petroleum Additional 1%
parliament and GST Council Revenue loss
services tax exemption products tax
state legislature

IGST = only Union and

Parliament
centre States FMs

Union minster
Interstate
of state for 5 years
supply of goods
revenue
 122ND
AMENDMENT
Key
Issues All indirect taxes
Ideal under one tax
BILL
GST
Current Indirect tax
regime challenges

Dealing the
cascading of taxes

Increase compliance

Reduce disruptions
 122ND
Key
Issues 5 petrol AMENDMENT
Our products BILL
GST Additional 1%
tax

Cascading of tax
rates

Powers to centre
to impose IGST
 122ND
AMENDMENT
246A – GST BILL
Changes to COI

Article 268 –
Service tax
Part 12 of COI
269A – tax on
interstate trade

279A – GST
Council
 Duties of
excise list
substituted

Changes Tax on sale

or purchase
to the 7th Union list of news
schedule papers

Tax on
services
 122ND
AMENDMENT
Changes
to the 7th State list Entry of goods
schedul into local area
e BILL
Sale of goods
other than news
papers

Tax on luxuries