First Indian state to pass the GST bill
First Indian state :
The First Indian state from the country to pass Bill on Goods and Services Tax. The state meeting passed the Bill on Friday onwards following by both Parliaments..
Ranjeet Kumar Dass said, he declares the Bill, which was passed Parliament, to be approved by Assam Assembly.
So opposition party Congress and ALL INDIA UNITED DEMOCRATIC FRONT (AIUDF) MLAs supported the Bill, also they had earlier ask a question in the Assembly to judge GST’s effect on Assam and people. But they were turned below by the Speaker.
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An important resolution was passed in Assam convention as Assam became the first State to confirm the essential revise Bill relating to GST, tweet by Sarbananda Sonowal chief minister of Assam tweeted.
Also he said in another tweet, “he is sure about Assam will get profit from the GST through higher financial growth and better sales collection.”
Chief Minister Sarbananda Sonowal wanted that Assam becomes the first state to pass the correction as this would send a positive signal to the industry.
This is a historic offer. Also he thanks the Speaker for giving permission them to introduce it today after they informed them,” it’s said by Sarma, who introduced the bill in favour of the chief minister.
Also Sarma said that after Canada and Brazil, India will be the third country in the whole world to gather GST by both centre and state through a new GST Council (GSTC).
The Lok Sabha had cleared revision made to Bill by Rajya Sabha on 8 August.
The GST Bill, seen as one biggest tax improvement in a long time, needs to be confirming by at least 15 state parliament before the President can notify the GST Council which will fix up the new tax rate and other matters.
The government has set a time limit of April in 2017 for its roll out.
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Also Sarma said that in the Assembly that “42% tax will be return to the state again.”
The GST will also have a special exception option for Himalayan states if they request decrease of taxes for any reason.
They can also collect special tax during natural tragedies like flood if we feel the need to generate more income. But everything will have to be accept by the GSTC.