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Maharashtra Legislature special session on GST from today

Press Trust of India  |  Mumbai 

A three-day special session of the Legislature to discuss and ratify the Goods and Services (GST) Bill, 2017, to pave the way for the national roll-out of on July 1, will begin here today.

The draft Bill, approved by the state cabinet, will be tabled during the session. The bill seeks to protect financial powers and autonomy of local self-bodies in the state.

The Assembly proceedings will begin at 11 am today, a official said.

A condolence motion will be moved in the Assembly to pay tributes to former minister A T Pawar and former MLAs Yashwant Patil and Dayaram Kapgate.

In the Legislative Council, a condolence motion will be moved to mourn the demise of former MLC Gajendra Ainapure.

had ratified the Constitutional Amendment Bill in August 2016. On April 6, passed four GST bills which now have to be ratified by all states to enable the shift to GST on July 1.

BJP's bickering ally had expressed reservations on the GST, arguing that the introduction of a single across the country would nullify local taxes like octroi duty that the civic bodies collect.

The Sena had pointed out that the Brihanmumbai Municipal Corporation (BMC), which it rules, may lose nearly Rs 7,000 crore on account of octroi getting subsumed after the introduction of GST.

The draft GST Bill passed by the state cabinet has a provision to compensate the BMC and other local bodies for the loss of their sources of revenue.

In the 288-member Maharashtra Assembly, has 122 members and 63.

An official said the GST introduction would lead to abolition of several state taxes like sugar purchase tax, state's share in central sales tax, entry on vehicles and goods manufactured in other states, lottery tax, octroi and local body tax.

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

First Published: Sat, May 20 2017. 09:22 IST