GST FROM 01-04-2017

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The Manner in which the state Govts. Are ratifying GST bill, it appears that it will be rolled out from 1st April 2017.

Following is the Chronological History of GST Bill

Yr 2000 - An empowered committee was set up by the Atal Bihari Vajpayee government in 2000 to streamline the GST model to be adopted and to develop the required backend infrastructure that would be needed for its implementation. –

Yr 2006 - In his budget speech on 28 February 2006, P. Chidambaram, the then Finance Minister, announced the target date for implementation of GST to be 1 April 2010 and formed another empowered committee of State Finance Ministers to design the roadmap.

Yr 2008 - The committee submitted its report to the government in April 2008

Yr 2009 - Released First Discussion Paper on GST in India in 2009

Yr 2014 - The Constitution (122nd Amendment) Bill, 2014 was introduced in the Lok Sabha by Finance Minister Arun Jaitley on 19 December 2014

Yr 2015 - The Constitution (122nd Amendment) Bill, passed by the House on 06/05/2015

Yr 2015 - In the Rajya Sabha, the bill was referred to a Select Committee on 14/05/2015

Yr 2015 - The Select Committee of the Rajya Sabha submitted its report on the bill on 22/07/2015

*YR 2016 - WATERSHED YEAR FOR GST*

The bill was passed by the Rajya Sabha on 03/08/2016

The amended bill was passed by the Lok Sabha on 08/08/2016

The GST Bill was passed in accordance with the provisions of Article 368 of the Constitution, and must be ratified by more than half of the State Legislatures, as required under Clause (2) of the said article.

ASSAM Legislative Assembly Ratifies GST Bill on 12/08/2016

BIHAR Legislative Assembly Ratifies GST Bill on 16/08/2016

JARKHAND Legislative Assembly Ratifies GST Bill on 17/08/2016

HIMACHAL PRADESH Legislative Assembly Ratifies GST Bill on 22/08/2016

CHHATISGARH Legislative Assembly Ratifies GST Bill on 22/08/2016

GUJARAT Legislative Assembly Ratifies GST Bill on 23/08/2016

MADHYA PRADESH Legislative Assembly Ratifies GST Bill on 24/08/2016

DELHI Legislative Assembly Ratifies GST Bill on 24/08/2016

NAGALAND Legislative Assembly Ratifies GST Bill on 26/08/2016

MAHARASHTRA Legislative Assembly Ratifies GST Bill on 29/08/2016

HARYANA Legislative Assembly Ratifies GST Bill on 29/08/2016

TELANGANA Legislative Assembly Ratifies GST Bill on 30/08/2016

MIZORAM Legislative Assembly Ratifies GST Bill on 30/08/2016

SIKKIM Legislative Assembly Ratifies GST Bill on 30/08/2016

GOA Legislative Assembly Ratifies GST Bill on 31/08/2016

Other states has called for special session to ratify GST by month end.

It appears that by 15th September the GST bill will be ratified by required number of State Legislature.

So it is likely imminent that GST may be implemented w.e.f. 1st April 2017

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Written By: SOURAV BAGARIA