Haryana Assembly today 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. Participating in the discussion on the resolution regarding ratification of the 122nd Constitution Amendment Bill, Congress Legislature Party (CLP) leader Kiran Chaudhary asked the government to take care of the interests of small and medium business enterprises who may be impacted after the implementation of GST, a new regime of indirect taxes.
The Assemblies of Himachal Pradesh, Bihar, Jharkhand and Assam have already ratified the bill. The Constitution (122nd Amendment) Bill, 2014 on GST was passed by Parliament recently and it needs to be ratified by at least 15 state legislatures before the President can notify the GST Council which will decide the new tax rate and other issues. The government has set April 1, 2017 as target for rolling out GST, considered as the biggest tax reform.
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