Maharashtra Assembly Ratifies GST Bill

IAS Prelims 2023

Maharashtra Legislative Assembly ratified the Goods and Services Tax (GST) Constitutional Amendment Bill passed by the Parliament.

The bill  was passed unanimously by the Lower House, making Maharashtra the ninth state to ratify the GST bill.

The 122nd Constitutional Amendment Bill passed by Parliament needs at least 16 states to ratify it before it could be sent for Presidential assent.

Apart from Maharashtra, so far nine states — Assam, Bihar, Jharkhand, Himachal Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh, Delhi and Nagaland, have ratified the Bill.

The Union Government has set a deadline of April, 2017 for its roll-out.

GST aims to do away with multiple-tax regime on goods and services and bring them under one rate. It will alter the present system of production-based taxation to a consumption-based one.