Page-18 of GST
President gives assent to the Constitution (122nd Amendment) (GST) Bill, 2014
President Pranab Mukherjee has given assent to the Constitution (122nd Amendment) (GST) Bill, 2014 as per Article 368 of the Constitution. With the assent, bill becomes law and opens road to roll out a new indirect tax regime and gives ..
Month: Current Affairs - September, 2016
Bihar becomes 2nd state to ratify Constitutional amendment bill on GST
The Bihar State Legislature has unanimously ratified the The Constitution (122nd Amendment) (GST) Bill, 2014 for introduction of Goods and Services Tax (GST) regime in the country. The Bill was moved by the State Commercial Taxes Minister Bijendra Prasad Yadav ..
Month: Current Affairs - August, 2016
Assam becomes first state to ratify The Constitution (122nd Amendment) (GST) Bill, 2014
The northern east state of Assam became first state in India to ratify The Constitution (122nd Amendment) (GST) Bill, 2014. In this regard, the Assam Assembly passed a resolution ratifying The Constitution (122nd Amendment) (GST) Bill, 2014 with simple majority. ..
Month: Current Affairs - August, 2016
Parliament passes The Constitution (122nd Amendment) (GST) Bill, 2014
The Parliament passed The Constitution (122nd Amendment) (GST) Bill, 2014 after it was unanimously passed by the Lok Sabha by approving all the amendments made by Rajya Sabha earlier. The bill now will go states (15 out of total 29 ..
Month: Current Affairs - August, 2016
Union Government aims to roll out GST from April 1, 2017
The Union Government has set the ambitious target to roll out of the Goods and Services Tax, (GST) from 1st April 2017. It was announced by Union Finance Minister Arun Jaitley after unveiling a detailed road map for GST implementation. ..
Month: Current Affairs - August, 2016
Amit Mitra appointed as Chairman of GST committee of State FMs
West Bengal Finance Minister Amit Mitra has been appointed as the Chairman of the Empowered Committee of State Finance Ministers on Goods and Services Tax (GST). He was elected at the meeting of State Finance Ministers that was also attended ..