Congress CMs push for 18% GST
The Congress high command has ordered all Congress Chief Ministers to push for an 18% cap on GST rates in the upcoming meeting of the GST council on 17 October. The ministers have been asked to stress on the fact that a higher rate would come as a burden to the common man. The issues are to be ironed out before parliament's winter session.
India's Goods and Services Tax (GST) Bill is touted to be one of the most historical tax reforms for the country since its independence. The GST Bill will help bring into effect a single tax instead of the multiple, fragmented taxes levied as various forms of indirect taxes at present. Apart from eliminating bureaucratic burden, the new bill will also economize and boost growth.
Assam: First state to pass GST Bill
India's north-eastern state of Assam became the first state in the country to ratify the historic Goods and Services Tax (GST) Bill. After four days of both Parliamentary houses clearing the GST Bill for passage, Assam pitched for ratification of the Bill and obtained its passage today. The GST Bill was cleared by Assam's BJP government unanimously in the Assam Assembly.
Assam's first BJP Government ratifies GST Bill
"Assam will be remembered as the first state in the country to ratify the GST constitutional amendment bill," Sarbananda Sonowal, Assam's Chief Minister said.
Government calls for GST Bill passage across all states
The Indian government has called for clearance of the GST Bill across all Indian states, setting itself a target of 30 days to obtain confirmation in 15 states. India's BJP-led government has called for the nine states it leads and another four it runs with the NDA'S alliance to ratify it at the earliest. Delhi is looking to ratify the Bill next week.
Government eyes winter session to effect GST Bill in April
"We are hopeful that both bills (Central GST and Inter-state GST) will be tabled in the winter session. I have already spoken to 15 chief ministers," Information and Broadcasting Minister M Venkaiah Naidu said.
Maha ratifies GST, WB does not bring it up
The Maharashtra state government ratified the GST bill in a special session of the state assembly that was called on 29 Aug. However, on the same day, the West Bengal government, which was to hold a special session for the bill did not bring up the matter citing "lack of time." BJP's WB chief Siddharth Nath Singh accused CM Mamata Banerjee of "political opportunism."
Odisha 16th state to ratify GST, bill awaits Presidential nod
Odisha became the 16th state to pass the Constitutional Amendment which allows for the passage of the Goods and Services Tax, leaving it up to Presidential approval to come into force. Chief Minister Naveen Patnaik moved the bill for passage in a special session of the state assembly. Revenue Secretary Hasmukh Adhia confirmed that "minimum requirement of 50% states ratifying the bill is complete."
Jaitley: Apr 1 deadline for GST
Union Finance Minister Arun Jaitley has stated that 1 April 2017 would be the stiff deadline for the government to roll out the GST bill. He added that the GST council now have only September, October and parts of November to iron out the pending issues including finalizing GST rates, control and scrutiny of assessments, and area-based exemptions.
President constitutes GST council
The Centre has notified the GST council which will now decide the tax limit, exemptions and geographical application limits. The council would be chaired by the Union Finance Minister and a Minister in charge of Finance/Tax appointed by each state as its members and would meet on September 22-23. The government will then introduce the Central GST and Integrated GST legislation for parliamentary approval.
Centre, States agree upon April 1 deadline for GST
The Centre as well as states agreed to complete deliberations in the GST council so that the GST can be rolled out on 1 April, 2017. However, differences remained over the turn-over limit for exemptions; UP and TN protested against the 1-state, 1-vote pattern saying larger manufacturing states were then disadvantaged. According to sources, most states preferred a higher exemption limit.