The report will be considered by the Select Committee of Rajya Sabha tomorrow when it is expected to be adopted for presentation in Parliament which convenes on Tuesday.
According to sources, the government will move an official amendment to the Goods and Services Tax (GST) Bill, a Constitution amendment legislation that is aimed at overhauling the tax structure in the country.
The earlier version said the compensation would be paid for "up to five years", the source said.
The opposition parties also wanted that the word 'may' be changed to 'shall' in the said clause. However, the government argued that as per the Constitution, both words mean the same thing.
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As per the schedule, the report is to be submitted to Rajya Sabha by July 24, three days after the commencement of the Monsoon Session of Parliament.
Congress is preparing a dissent note which would say that it cannot support a bill which is not "simple and comprehensive".
While Congress is in favour of the proposed indirect tax regime, it wants a ceiling of 18 per cent on the GST tax rate. It is also against granting of power to states to levy 1 per cent additional tax as it would have a cascading effect and cause market disruptions.
The GST Bill has been passed by Lok Sabha and was referred to the Select Committee by Rajya Sabha, where the ruling NDA government does not enjoy majority. The government aims to roll out GST from April 1 next year.