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GST Bill: Maharashtra Legislature begins three-day session today

ANI  |  Mumbai (Maharashtra) [India] 

The Legislature will today hold a special three-day session to pass the state Goods and Services (SGST) bill.

The legislature will pass three bills the main 116-page SGST Act, a bill related to the Compensation to Local Authorities and a bill on to the existing state laws that are to be repealed when the SGST comes into effect from July 1.

This is for the first time that the Legislature will have a sitting on May 21.

Sources in the Vidhan Bhavan said that the main SGST bill will first be tabled in the Legislative Assembly for debate and passage on May 20.

On the same day, the Legislative Council will debate on the main SGST bill later in the afternoon.

According to reports, it depends on the state Legislature whether to adopt both the main and Compensation bills together or separately for debate and passage.

The main SGST bill will seek to confer powers upon the state to levy the on supply of goods and services or both which takes place within the state.

It shall empower the state to levy taxes on all intra-state supplies of goods and services or both, except on supply of alcoholic liquor for human consumption, at a rate to be notified not exceeding 20 per cent.

The third bill deals with the state Acts to be repealed with the passage of the Goods and Services (MGST) Act 2017. These includes Betting Act-1925, Purchase on Sugarcane Act-1962, Advertisements Act-1967, Forest Development (on sale of Forest Produce by Government or Forest Development Corporation Act-1983, on Luxuries Act-1987, on Entry of Motor Vehicles into Local Areas Act- 1987, on Entry of Goods into Local Areas Act-2002 and the on Lotteries Act-2006.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 20 2017. 10:27 IST
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