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UP Assembly passes GST Bill

ANI  |  Lucknow (Uttar Pradesh) [India] 

The Assembly on Tuesday passed the Goods and Services (GST) Bill.

This bill was tabled in the House yesterday by Chief Minister

Opposition demanded some amendments which were turned down by the and later the bill was cleared by house unanimously.

After passage from the lower house it will now be taken to upper house of legislature -Legislative council

Speaking during discussion, Adityanath said that is the biggest economic reform by the union

He said it will make country economically sound.

He said there will be uniform market across the country eliminating, multiple taxes on any single commodity.

He said after the new regime is implemented, of the state is likely to increase.

On May 2, the Cabinet had approved a draft bill for implementation of the in the state. After the passage of bill by the assembly, will join states like Uttarakhand, Jharkhand, Telangana, and Rajasthan whose legislatures have given their nod to the new regime.

Four key legislations -- the Central Act, the Integrated Act, the (Compensation to States) Act and the Union Territory Act -- were passed by the Parliament in its last session. Different indirect taxes like the central excise duty, central sales and service are to be merged with the C-GST, while S-will subsume state sales tax, VAT, luxury and entertainment

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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UP Assembly passes GST Bill

The Uttar Pradesh Assembly on Tuesday passed the Goods and Services (GST) Bill.This bill was tabled in the House yesterday by Chief Minister Yogi Adityanath.Opposition Samajwadi party demanded some amendments which were turned down by the government and later the bill was cleared by house unanimously.After passage from the lower house it will now be taken to upper house of legislature -Legislative councilSpeaking during discussion, Adityanath said that GST is the biggest economic reform by the union government.He said it will make country economically sound.He said there will be uniform market across the country eliminating, multiple taxes on any single commodity.He said after the new tax regime is implemented, revenue of the state is likely to increase.On May 2, the Uttar Pradesh Cabinet had approved a draft bill for implementation of the GST in the state. After the passage of bill by the assembly, Uttar Pradesh will join states like Uttarakhand, Jharkhand, Telangana, Bihar and ...

The Assembly on Tuesday passed the Goods and Services (GST) Bill.

This bill was tabled in the House yesterday by Chief Minister

Opposition demanded some amendments which were turned down by the and later the bill was cleared by house unanimously.

After passage from the lower house it will now be taken to upper house of legislature -Legislative council

Speaking during discussion, Adityanath said that is the biggest economic reform by the union

He said it will make country economically sound.

He said there will be uniform market across the country eliminating, multiple taxes on any single commodity.

He said after the new regime is implemented, of the state is likely to increase.

On May 2, the Cabinet had approved a draft bill for implementation of the in the state. After the passage of bill by the assembly, will join states like Uttarakhand, Jharkhand, Telangana, and Rajasthan whose legislatures have given their nod to the new regime.

Four key legislations -- the Central Act, the Integrated Act, the (Compensation to States) Act and the Union Territory Act -- were passed by the Parliament in its last session. Different indirect taxes like the central excise duty, central sales and service are to be merged with the C-GST, while S-will subsume state sales tax, VAT, luxury and entertainment

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

UP Assembly passes GST Bill

The Assembly on Tuesday passed the Goods and Services (GST) Bill.

This bill was tabled in the House yesterday by Chief Minister

Opposition demanded some amendments which were turned down by the and later the bill was cleared by house unanimously.

After passage from the lower house it will now be taken to upper house of legislature -Legislative council

Speaking during discussion, Adityanath said that is the biggest economic reform by the union

He said it will make country economically sound.

He said there will be uniform market across the country eliminating, multiple taxes on any single commodity.

He said after the new regime is implemented, of the state is likely to increase.

On May 2, the Cabinet had approved a draft bill for implementation of the in the state. After the passage of bill by the assembly, will join states like Uttarakhand, Jharkhand, Telangana, and Rajasthan whose legislatures have given their nod to the new regime.

Four key legislations -- the Central Act, the Integrated Act, the (Compensation to States) Act and the Union Territory Act -- were passed by the Parliament in its last session. Different indirect taxes like the central excise duty, central sales and service are to be merged with the C-GST, while S-will subsume state sales tax, VAT, luxury and entertainment

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22