Gujarat becomes sixth state to ratify GST Bill

Gujarat becomes sixth state to ratify GST Bill Crediting Prime Minister Narendra Modi for winning the trust of all political parties, the Gujarat Assembly Tuesday ratified the Goods and Service Tax (GST) Constitution Amendment Bill in the absence of the Opposition party Congress and became the sixth state to do so after Assam, Bihar, Jharkhand, Himachal Pradesh and Chhattisgarh. It has become the sixth State to pass the Bill, which requires ratification from at least 15 state legislatures before the President notifies the GST Council. The Gujarat Government had convened a special two-day monsoon session of the State Assembly on Monday and Tuesday to ratify the GST Bill. "What UPA government could not do in the 10 years, Modi government did it in less than 2.5 years," said Deputy Chief Minister Nitin Patel Deputy Chief Minister Nitin Patel stated that with the amended GST Bill, Gujarat will have the authority to collect taxes on transactions other than purchase or sale within the State. This will also authorise the State to collect taxes on various kinds of supplies. Earlier, Centre had the sovereign right to levy and collect tax on services. With this amendment, this right will be passed on to the States. The share of services in the countrys GDP is 50 per cent and the same is ever increasing. This will provide the States to collect taxes from this vast sector, Patel said while introducing the Bill in the House. However, earlier in the day, Speaker Ramanbhai Vora had suspended 44 MLAs of the Opposition Congress before the introduction of the GST Bill in the House for causing ruckus over Dalit atrocities issue in the State. GST, GST Updates, GST News, GST form, Gujarat ratify GST Bill