Gujarat assembly ratifies GST Bill
The Gujarat assembly on 23 August 2016 passed the Constitutional Amendment Bill, becoming the sixth state to pass the Bill. The ratification of the Bill comes in quick succession after the Chhattisgarh assembly passed it unanimously on 22 August 2016.
Source: The Indian Express dated 23 August 2016
Congress-ruled Himachal Pradesh, Chhattisgarh ratify GST Bill
Himachal Pradesh and Chhattisgarh will join Assam, Jharkhand and Bihar in endorsing the Bill. While Assam and Jharkhand are ruled by the Bharatiya Janata Party (BJP), Bihar, led by the Janata Dal (United) government, became the first non-BJP-governed state to ratify the Bill. The Congress had initially opposed the Bill, forcing nearly a year’s delay. It was only after the BJP-led central government conceded some of its demands that the party rallied behind the legislation.
Source: Livemint dated 22 August 2016
Ensure IT set-up for GST by 30 September: Hasmukh Adhia to banks
The government reviewed the IT-preparedness of various stakeholders for the smooth rollout of GST and directed all banks to ensure their IT systems are in place by 30 September. Representatives of the RBI, the Goods and Services Tax Network (GSTN), Principal Chief Controller of Accounts (CCA), Central Board of Excise and Customs (CBEC), heads of government business and IT of 29 banks took part. The status of preparation of software by the banks, RBI, Principal CCA office, CBEC and GSTN was also discussed, along with details of the protocol of information exchange between the various stakeholders.
Source: Financial Express dated 22 August 2016
GST Bill likely to be ratified by 11 more states
In the race to ratify GST after Assam and Jharkhand are Goa, Haryana, Madhya Pradesh, Chhattisgarh, Gujarat and Maharashtra. A National Democratic Alliance (NDA) member, the Telugu Desam Party, is also planning to call a special sitting of the Andhra Pradesh assembly for the purpose.
The Trinamool Congress is also set to call a two-day special session of the West Bengal assembly from 26 August to ratify the Bill. Similarly, the AAP-led Delhi government is convening a four-day legislative assembly session from 22 August, during which the legislation could be ratified.
Source: Livemint dated 20 August 2016
Maharashtra to call special assembly session around 1 September to ratify GST Bill
The Maharashtra government will call a special session of the state legislative assembly to consider ratifying the Constitutional Amendment Bill introducing GST passed by Parliament said Chief Minister Devendra Fadnavis on 19 August. Fadnavis said dates for the special session had not been finalised yet.
Source: Livemint dated 19 August 2016
Despite politics, GST backbone on course for target date
A company set up by the government to create the logistical and IT backbone for the pan-India GST regime will be ready to roll before the target date, as work didn't stop even when political spats were delaying matters.
“We'll start testing by October," GSTN Chairman Navin Kumar said, referring to stage one of this exercise, where existing taxpayers of indirect taxes will migrate to the new system and tests will begin on the crucial software for the move to the new regime.
"The hardware installation and software coding will happen by December. We hope to go for a beta run from February - which means our system should be ready by mid-February. The target date for the rollout is 1 April 2017. Everything has to be ready before that," Kumar added.
Source: The Economic Times dated 18 August 2016
Did you know?
Goods and Services Tax Network (GSTN) is a not-for-profit entity owned by the centre, states and non-government financial institutions, and is building the technology backbone for the new tax regime. According to a government official, a total of 21 states are now relying on GSTN to manage back-end tasks such as tax settlement, assessment, refunds, etc. The number of such states was only six when GSTN was first set up.