Parliament passed GST Amendment Bill

Rajya Sabha on 3 August 2016 passed The Constitution (122nd Amendment) (GST) Bill, 2014 to introduce the goods and services tax (GST). 
•    The Bill was introduced and passed in Lok Sabha in May 2015. 
•    The bill will now go back to the Lok Sabha to incorporate the amendments approved by the Rajya Sabha. 
•    For goods and services that pass through several states, or imports, the Centre will levy another tax, the Integrated GST (IGST).
•    Alcohol for human consumption has been kept out of the purview of GST.
•    Initially, GST will not apply to (a) petroleum crude, (b) high speed diesel, (c) motor spirit (petrol), (d) natural gas and (e) aviation turbine fuel. 
•    Tobacco and tobacco products will be subject to GST. The centre may also impose excise duty on tobacco.
•    Central Taxes replaced by GST Bill
•    Central Excise Duty
•    Additional Duties of Excise and Customs
•    Special Additional Duty of Customs (SAD)
•    Service Tax
•    Cesses and Surcharges on Supply of goods and services
•    State Taxes Subsumed in the GST Bill
•    VAT
•    Central Sales Tax
•    Purchase Tax
•    Luxury Tax
•    Entry Tax
•    Entertainment Tax
•    Taxes on advertisements, lotteries, betting, gambling
•    State Cesses and Surcharges