CABINET-GST 2 LAST

Parliament on August 8 had passed the bill, which then Parliament on August 8 had passed the bill, which thenwent to the states for ratification. A Constitution AmendmentBill needs to be ratified by the legislative Assemblies of atleast 50 per cent of the 29 states and 2 union territories. The bill was sent to the President’s secretariat after asmany as 19 states — BJP-ruled Assam being the first –ratified the bill. The other states, which passed the legislation includeBihar, Jharkhand, Chhattisgarh, Himachal Pradesh, Gujarat,Madhya Pradesh, Delhi, Nagaland, Maharashtra, Haryana, Sikkim,Mizoram, Telangana, Goa, Odisha and Rajasthan. Revenue Secretary Hasmukh Adhia had recently said thegovernment is ahead of schedule for implementation of GST. "Instead of 30 days kept for this (states’ ratification),it is achieved in 23 days," he had tweeted. The states and the Centre are working overtime and talkingto stakeholders to draft the Central GST, State GST andIntegrated GST laws, which are to be passed in Winter Sessionof Parliament. The CGST and IGST will be drafted on the basis of themodel GST law. The states will draft their respective StateGST (SGST) laws with minor variation incorporating state-basedexemptions. The IGST law would deal with inter-state movementof goods and services. PTI JD ANZABK