GST

Eight States Assemblies passed State GST Act

Eight States Assemblies passed State GST Act. GST will be rolled-out from 1st July, 2017.  Next GST Council meeting is scheduled at Srinagar, J&K on 18th & 19th May, 2017

Ministry of Finance

Press Release

04/05/2017

Eight States’ Assemblies pass the State GST Act within a short span of less than one month

Eight States have passed the State Goods and Services Tax (SGST) Act in their respective State Assembly in less than a month’s time. The Legislative Assembly of Telangana State passed the State GST Act on 9th April, 2017, that of Bihar State passed it on 24th April, 2017, Rajasthan Assembly on 26th April, 2017, that of Jharkhand on 27th April, 2017, Chhattisgarh Assembly on 28th April, 2017, that of Uttarakhand on 2nd May, 2017, Madhya Pradesh Assembly on 3rd May, 2017 while the Assembly of State of Haryana passed the State GST Bill today i.e. 4th May, 2017.

Earlier the GST Council had approved the model State GST (SGST) Bill in its 12th Meeting held on 16th March, 2017. The remaining States/UTs (having Legislative Assembly) are likely to pass the State GST Bill in their respective Assemblies before the end of this month, except one or two States which may pass the same in early next month.

The next GST Council meeting is scheduled to be held at Srinagar, J&K on 18th and 19th May, 2017. The Central Government has already informed that GST will be rolled-out from 1st July, 2017. The quick passage of the State GST Act by the different State Assemblies in a time bound manner shows the keenness on the part of the State Governments to ensure that implementation of the GST in letter and spirit is not further delayed and takes place from 1st July, 2017 as targeted by the Central Government. The officers of the Department of Revenue, Government of India led by the Revenue Secretary, Dr. Hasmukh Adhia and the concerned officials of the State Governments have already started the outreach programme in order to create general awareness among the people at large and stakeholders in particular and remove their doubts, if any, about the various provisions of GST and its related legislations.

*****

 

Share

Recent Posts

  • Income Tax

Only actual days of services to be considered in computing threshold for constitution of PE

Only days on which actual services rendered by company to be considered in computing threshold for constitution of permanent establishment…

15 hours ago
  • Income Tax

Depreciation on goodwill to amalgamated company upheld as AO took a plausible view

Depreciation on goodwill in the hands of amalgamated company upheld as Assessing Officer had taken a plausible view in line…

17 hours ago
  • ICAI

Applicability of the Income-tax Act, 2025 from May 2027 CA Exams Onwards 

The ICAI has announced that provisions of the Income-tax Act, 2025 shall be applicable to CA exams conducted from 1st…

18 hours ago
  • Income Tax

Addition u/s 68 deleted for want of cash trail, fund rotation or incriminating evidences

Addition u/s 68 deleted as there was no cash trail, rotation of funds, or incriminating evidences, no enquiry conducted into…

19 hours ago
  • Income Tax

In re-allotment of flat by builder, stamp duty valuation is of the date of booking original flat

In case of re-allotment of flat by builder, stamp duty valuation would be with reference to date of booking of…

20 hours ago
  • Income Tax

Information in loose papers not corroborated with assessee, can’t be said to belong to assessee

When information contained in loose papers not corroborated with assessee, there is absolutely no room for presumption that it belongs…

3 days ago