GST bill passed, new system of indirect taxation will come up: Arun Jaitley

After the Goods and Services Tax (GST) Bill was passed in the Lok Sabha on Wednesday, Union Finance Minister Arun Jaitley said that with the Lok Sabha having approved all 4 laws that the Centre is supposed to legislate through Parliament, he thinks a significant step forward has been taken. He added that they are virtually seeing history in the making because they are now going to be transforming into a new system of indirect taxation.