UP Cabinet approves implementation of GST

Image
Press Trust of India Lucknow
Last Updated : May 02 2017 | 1:22 PM IST
The Uttar Pradesh government today approved implementation of the Goods and Services Tax (GST) in the state and the same will be passed in the Assembly in the session commencing from May 15.
The decision in this regard was taken at the state cabinet meeting chaired by Chief Minister Yogi Adityanath here.
"The revenue of the state is likely to increase after implementation of the GST in the first session of this government," Cabinet Minister Suresh Kumar Khanna said.
"If there is any burden on the state exchequer due to implementation of the GST, the government will meet it for the next five years. Petroleum products will not be covered under the GST," he said.
The state cabinet also approved a new cabinet policy under which Group B officers will be transferred by their departmental heads and officers above this level will be transferred by the government.
"The limit of transfers will about 20 per cent and Divyangs will be excluded from it," the minister said.
On mining sector, the government has decided to constitute a district-level mining foundation as per the Centre's directives and money collected by it through royalties will be used for people's welfare and other works.

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: May 02 2017 | 1:22 PM IST

Next Story