Maharashtra Assembly ratifies GST Bill

Maharashtra Assembly ratifies GST Bill

The Maharashtra Legislative Assembly on Monday ratified the goods and services tax (GST) constitutional amendment Bill passed by Parliament, at a special one- day session of the state legislature. The proposal was passed unanimously by the lower House, making Maharashtra the ninth state to ratify the GST Bill, billed as the biggest tax reform since Independence. Finance Minister Sudhir Mungantiwar, who tabled the resolution to ratify the Bill, said Maharashtra would not incur any losses after the GST comes into effect. " Chief Minister Devendra Fadnavis (pictured) has held detailed discussions on the GST Bill with Union Finance Minister ArunJaitley,” he said.

Business Standard New Delhi,30th August 2016