Nagaland Assembly ratifies GST bill
The bill was endorsed by the House by a voice vote following a brief discussion
)
The Nagaland Legislative Assembly on Friday ratified the Goods and Services Tax (GST) Constitution Amendment Bill.
The bill was endorsed by the House by a voice vote following a brief discussion.
Introducing the bill, Minister for Parliamentary Affairs Kiyanilie Peseyie said the revenue of the state would go up as tax evasion would be checked due to transparency and broadening of tax base.
"A purely consuming state like Nagaland will benefit even more since GST is based on the destination principle," he said, adding, tax administration would improve since most of the activity would be online.
The bill was endorsed by the House by a voice vote following a brief discussion.
Introducing the bill, Minister for Parliamentary Affairs Kiyanilie Peseyie said the revenue of the state would go up as tax evasion would be checked due to transparency and broadening of tax base.
"A purely consuming state like Nagaland will benefit even more since GST is based on the destination principle," he said, adding, tax administration would improve since most of the activity would be online.
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 26 2016 | 4:48 PM IST
