Mizoram Assembly becomes 13th state to ratify GST

Mizoram Assembly today ratified the Goods and Services Tax (GST) Constitutional Amendment bill by adopting an official resolution, becoming 13th state to have approved the legislation. The state legislature unanimously adopted the official resolution moved by Finance and Taxation Minister Lalsawta after deliberations on the first day of the Assembly.

Participants of the discussion, irrespective of party affiliations, expressed hope that the GST Act would not only streamline the tax regime in the country, but also benefit states like Mizoram.

READ

Telangana Legislature has ratified the Constitutional amendment Bill for the Goods and Services Tax

A special session of the Telangana Legislature (Legislative Assembly and Legislative Council) has ratified the Constitutional amendment Bill for the Goods and Services Tax on Tuesday.

While the Legislative Council passed the Bill unanimously, The Legislative Assembly debated on the Bill. MLAs for Opposition parties, especially AIMIM and Congress sought clarifications on the Bill, but supported its passage.

BJP MLAs expressed confidence that the GST would benefit the Telangana State

 READ

The Haryana Assembly ratified the Goods and Services Tax Constitution Amendment Bill

The Haryana Assembly ratified the Goods and Services Tax Constitution Amendment Bill late on Monday, making it the ninth state in the country to do so. Its support for the uniform tax came just hours after the Maharashtra Assembly unanimously ratified it. The state is ruled by the Bharatiya Janata Party, which has 47 seats in the 90-member Assembly. The Centre needs at least 15 states to approve the Bill for it to move to the next step in the process, which is implementation of the single national tax regime across the nation.
Read 

Maharashtra Became tenth State to ratify GST Bill

Maharashtra Legislative Assembly ratified the Goods and Services Tax (GST) Constitutional Amendment Bill passed by the Parliament, at a special one-day session of the state legislature in Mumbai on Monday. The proposal was passed unanimously by the Lower House, making Maharashtra the tenth state to ratify the GST bill, billed as the biggest tax reform since Independence.
Read

Nagaland became the ninth state to ratify the GST Bill

Nagaland became the ninth state to ratify the Bill after Assam, Bihar, Jharkhand, Himachal Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh and Delhi.
Nagaland Legislative Assembly (NLA) has ratified the Goods and Services Tax (GST) Amendment Bill during the one day 13th special session of the 12th NLA here on Friday after a brief discussion. Nagaland became the ninth state to ratify the Bill after Assam, Bihar, Jharkhand, Himachal Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh and Delhi.
Read full story

The Jharkhand became the third state to ratify the GST bill after Assam and Bihar.

Ranchi, Aug 17 (IANS) The Jharkhand Assembly on Wednesday passed the Goods and Services Tax (GST) Bill and became the third state to ratify the bill after Assam and Bihar.

Ranchi, Aug 17 (IANS) The Jharkhand Assembly on Wednesday passed the Goods and Services Tax (GST) Bill and became the third state to ratify the bill after Assam and Bihar.

Except for dissenting Communist Party of India-Marxist and Leninist (CPI-ML) legislator Raj Kumar Yadav, the bill was passed unanimously in the state Assembly.

"India has a tradition and culture to take taxes. The GST will end the tax discrimination and it will end the British tax system," said Jharkhand Parliamentary Affairs Minister Saryu Rai while tabling the GST bill in the Assembly.

READ MORE

Assam becomes first state to ratify GST Constitution Amendment Bill

Taking an important step forward on the Goods and Services Tax, Assam has become the first state to ratify the Constitution Amendment Bill on GST. Today, the Assam Assembly unanimously passed the Constitution Amendment Bill on GST. Assam has a BJP government, led by CM Sarbananda Sonowal. “Assam will be remembered as the first state in the country to ratify the GST constitutional amendment bill,” Sonowal said. All states need to pass the GST Bill in their respective assemblies. Also, Central Goods and Service Tax (CGST) and Integrated Goods and Service Tax (IGST) bills need to be passed by both houses of Parliament for the Bill to finally become a law. GST is India’s most important indirect tax reform since Independence.
Read More at 

GST Impact

GST will change the way India does business: Who will win, who will lose

Indirect taxes in India have driven businesses to restructure and model their supply chain and systems owing to multiplicity of taxes and costs involved. With hopes that the Goods and Services Tax (GST) will see the light of the day, the way India does business will change, forever. 

Total tax collection in India (direct & indirect), currently stands at Rs 14.6 lakh crore, of which almost 34 per cent comprises indirect taxes, with Rs 2.8 lakh crore coming from excise and Rs 2.1 l .. 

Read more at:

Wait, GST is not a reality yet: It still has to cover 7 gruelling steps

NEW DELHI: The Rajya Sabha clearance to the GST Bill, touted as the biggest tax reform since India's Independence, lifted market mood on Thursday, but only briefly. The bill is set to improve the government's revenue and help it achieve better transmission of prices. 

It is expected that certain goods, such as capital goods, would become cheaper by 12-14 per cent, increasing demand for them, raising investment and, thus, economic growth. 

However, the landmark legislation .. 

Read more at: