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GST bill to be introduced in June 14 session of TN Assembly

Press Trust of India  |  Chennai 

today said that it would introduce the bill in the in the session starting June 14.

Minister D Jayakumar, in his address at a meeting of the Council in Delhi, pointed out that the Assembly has been scheduled from coming Wednesday.

"The Goods and Services bill will be introduced for consideration and passage during this session," he said.

A copy of the Minister's speech was released by the state here.

In the meeting, Jayakumar reiterated his government's stand on rates on a number of commodities, even as he sought the on entertainment sector be kept at 12 per cent.

"We would urge that the levy of GST on entertainment sector should be kept at 12 per cent so that the local bodies could also levy their own tax," he added.

Among others, he sought on water sold in refill cans and small plastic pouches besides curry, other spices and masala powder, be taxed at five per cent.

Handloom textiles, fishnet and fishnet twine and sago should be 'Nil-rated,' he added.

Jayakumar said that a uniform levy of 28 per cent on the fireworks industry, which is largely located in Tamil Nadu, "may harm this sector and also would pave way for the market being flooded with imported fireworks."

"We would, therefore, suggest that the rate of tax on fireworks may be reduced," he said.

He said that based on Tamil Nadu's request, the has agreed to tax footwear below Rs 500 at five per cent, to place palmyra jaggery in the Nil-rated category and to levy tax on textiles at a uniform lower rate.

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

First Published: Sun, June 11 2017. 16:32 IST