Tuesday, August 30, 2016

Haryana Assembly ratifies GST Bill

Haryana Assembly ratifies GST Bill

The Haryana Assembly has unanimously ratified the Constitution Amendment Bill on Goods and Services Tax (GST).The bill was introduced by state Finance Minister Capt Abhimanyu and passed after a brief debate.

GST is a tax levied when a consumer buys a good or service. It is meant to be a single, comprehensive tax that will subsume all the other smaller indirect taxes on consumption like service tax, excise duty etc. This is how it is done in most developed countries. It will be a comprehensive nationwide indirect tax on the manufacture, sale, and consumption of goods and services. The aim is to have one indirect tax for the whole nation, which will make India a unified common market.

So let's do:
1. Name the state, which has unanimously passed the Goods and Services Tax (GST) Constitutional Amendment Bill?

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