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Chhattisgarh Assembly passes GST Bill

Chhattisgarh Assembly passes GST Bill
24 August 2016 Current Affairs: Chhattisgarh Legislative Assembly has unanimously ratified the Constitution Amendment Bill on Goods and Services Tax (GST) that was passed by the Parliament this month. 

The resolution was tabled by the state’s commercial tax minister, Amar Agrawal in the special session of the Chhattisgarh Assembly convened.

This was the first occasion when a special session of the state legislative assembly was convened in the 16-year-old state.

Chhattisgarh would be probably the fourth state after Assam, Bihar, Himachal Pradesh and Jharkhand to ratify the GST Bill, described as India's biggest tax reform. The Bill requires consent of at least 15 state legislatures before the President could notify the GST Council, which would eventually decide the new tax rate and other issues.  

The Central Government has set a deadline of April 2017 for its rollout.

The state’s right to impose taxes would be restricted while it would not be in a possible to exempt any tax following local demand.

The Chief Minister clarified that the initially the states would have to bear the revenue loss that the Centre would be compensating for five years. 


March 2017 Current affairs
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27 MAR
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25 MAR
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February 2017 Current affairs
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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