The Constitution (One Hundred and Twenty-
Second Amendment) Bill, 2014
was
introduced in the
Lok Sabha on December 19, 2014 which seeks to amend the Constitution to introduce the goods and
services tax (GST).
Consequently, the GST subsumes various central indirect taxes including the
Central Excise Duty,
Countervailing Duty, Service Tax, etc. It also
subsumes state value added tax,