Tag: economy

Haryana assembly passes the state GST bill

Haryana assembly passes the state GST bill

Haryana state assembly passed the state GST bill on 4th May, 2017. With that, it becomes 8th state to pass the GST state bill. The Legislative Assembly of Telangana State was first state to pass the State GST Act on 9th April, 2017. Bihar State passed it on 24th April, 2017, Rajasthan Assembly on 26th April, 2017, that of Jharkhand on 27th April, 2017, Chhattisgarh Assembly on 28th April, 2017, that of Uttarakhand on 2nd May, 2017 and Madhya Pradesh Assembly passed it on 3rd May, 2017.

Earlier the GST Council had approved the model State GST (SGST) Bill in its 12th Meeting held on 16th March, 2017. The remaining States/UTs (having Legislative Assembly) are likely to pass the State GST Bill in their respective Assemblies before the end of this month, except one or two States which may pass the same in early next month.

The next GST Council meeting is scheduled to be held at Srinagar, J&K on 18th and 19th May, 2017. The Central Government has already informed that GST will be rolled-out from 1st July, 2017. The quick passage of the State GST Act by the different State Assemblies in a time bound manner shows the keenness on the part of the State Governments to ensure that implementation of the GST in letter and spirit is not further delayed and takes place from 1st July, 2017 as targeted by the Central Government.

First blog post

First blog post

Welcome all!!! Everything GST is a brand new blog for information, news and updates related to Goods and Service Tax. GST is a step taken by government to bring all different indirect taxes collected by central as well as state governments under a single umbrella. This blog would let you know all latest updates, news and information about implementation and operation of GST.