MP Assembly ratifies GST Bill. Delhi Assembly gives nod too.

Q.  Which state became the seventh to ratify the GST Bill?
- Published on 25 Aug 16

a. MP
b. UP
c. HP
d. Uttarakhand

ANSWER: MP
 
Madhya Pradesh Assembly ratifies the GST Bill becoming the 7th state to do so. On 24th August 2016, the 122nd Constitution Amendment Bill on Goods and Services Tax was unanimously ratified by the state.
  • CM Shivraj Singh Chouhan termed it as a process towards economic integration of the nation
  • The bill was tabled by law and legislative affairs minister Rampal Singh
  • On 25th August 2016, Delhi Legislative Assembly passed a resolution to ratify the Constitution 122nd Amendment Bill or the GST Tax Bill
  • GST Bill has for the first time recognised Delhi as a state under the new Constitutional Amendment to Article 366
  • Delhi HC on August 4 had held that Delhi continues to be a UT under the control of the Lt. Governor
  • However AAP leader Manish Sisodia said tax threshold for Value Added Tax is INR 20 lakh
  • Businesses making INR 85,000 to 1,00,000 don’t require registration
  • If the threshold were reduced to INR 10 lakh small businesses could be burdened so the threshold should be made INR 25 lakhs
  • For the past 17 years, Delhi has been getting INR 325 crore in central tax share despite contribution of INR 137000 crore to the GDP of the country.
  • Other states passing the GST bill include Bihar and HP.
  • Bihar is the first non NDA ruled state to pass the Bill
  • HP is the first INC ruled state to pass the Bill
  • Chattisgarh has also passed the GST Bill as has Jharkhand
  • Assam was the first NE state and the first Indian state to pass the GST bill

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