GST Bill set to be ratified in monsoon session of AP Assembly

Image
Press Trust of India Vijayawada
Last Updated : Sep 06 2016 | 6:42 PM IST
The three-day monsoon session of Andhra Pradesh Legislative Assembly will be held from Thursday with the two Houses set to ratify the Constitution (122nd Amendment) Bill, paving way for the introduction of Goods and Services Tax.
Besides GST, four other Bills will also be taken up during the brief session that will be held in Hyderabad as construction of the new Legislature complex at Velagapudi in the state's new capital region Amaravati is not yet complete.
The state Cabinet met here this afternoon under the chairmanship of Chief Minister N Chandrababu Naidu and approved the draft Bills to be introduced in the Legislature.
Among the bills is one related to the amendment of the Value Added Tax Act, 2005, that will reduce VAT on three and five star hotels in important tourist destinations from the present 14.5 per cent to five per cent.
The amendment will also pave way for reduction of VAT on mobile phones to five per cent, a senior minister said after the meeting.
A bill to amend the Registration Act, 1908 will also be introduced in the House to prevent double registration of properties.
This will curb malpractices in property registration and thereby avoid litigation, he said.
Another bill to replace an Ordinance that brings private agricultural colleges in the state under the Acharya N G Ranga Agriculture University and one other on private horticulture colleges will also be introduced during the monsoon session, the minister said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 06 2016 | 6:42 PM IST

Next Story