|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Politics
News |
|
| GST Bill Can Now Go For Presidentia |
| GST Bill Can Now Go For Presidential Assent, Says Arun Jaitley
|
| INDIA
, 1-September-2016
11:46:57 AM |
| Government will seek Presidential assent for the landmark Constitution amendment bill for GST as 16 states have ratified the legislation, Finance Minister Arun Jaitley said today.
With Odisha approving the constitution amendment at a special Assembly session today, 50 per cent of the states have ratified the GST bill.
"The requisite number of states have ratified the GST Constitution Amendment Bill and now it can go for Presidential assent," Mr Jaitley tweeted.
Revenue Secretary Hasmukh Adhia said that the government is ahead of schedule for implementation of GST. "Instead of 30 days kept for this (states' ratification), it is achieved in 23 days," he said in a tweet.
The government plans to roll out the new indirect tax regime from April 1, 2017. GST, the biggest tax reform since Independence, will create uniform market for seamless movement of goods and services with one tax rate.
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
