Ranchi, Apr 27: The Jharkhand Assembly today passed the Goods and Services Tax Bill 2017.
The GST bill was tabled in the assembly by Urban Development Minister C P Singh who said that it was the result of strong will power of the Central Government that amendment was made in the constitution and the bill was passed by the both houses of the parliament and it was the turn of the state assemblies to pass the bill.
He described GST as a revolutionary step. He said that earlier the state government use to levy 10 types of taxes while the central government use to impose 8 types of the taxes which were ultimately borne by the customers. The minister said that the GST would enable that the tax payers and the tax collectors do not face any difficulty.
Mr Singh said that the government has formed a council in which representatives of all the states have been included. He said that after lots of deliberation it was decided to keep the tax slabs at the lowest levels while few other items including petroleum has been kept out of its ambit for the course of the next five years.
The minister said that the best part was that small businessmen who have an annual turnover of Rs 20 lakh need not get their registration done while on the other hand the businessmen with Rs 50 lakh turnover would also be benefitted.
Intervening in between Leader of Opposition Hemant Soren said that whether this system would be beneficial or not only time would tell but it appears that the state government was now going to hand over all its powers to the central government.
Raising questions over the copy o fthe bill he said that the seriousness of the state government was reflected by the fact that a day earlier the copy of the bill was distributed among the MLAs and moreover it consisted of too many printing mistakes.