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Tripura ratified GST bill

Tripura ratified GST bill

Agartala, May 26 (UNI) Tripura Legislative Assembly yesterday unanimously passed Tripura Goods and Services Tax (GST) Bill, 2017 and Tripura Value Added Tax (Amendment) Bill, 2017, paving the way for the rollout of the indirect tax regime from July 1 next in the state. Passing of the State GST Bill was mandatory for rollout of the new indirect tax regime. As per the provision of the main GST Act there are four slaves of tax – 5 per cent, 12 per cent, 18 per cent and 28 per cent. The GST bill and the accompanying constitution amendment bill have already been passed unanimously by both Houses of Parliament, but it requires legislative ratification from 50 per cent of the state Assemblies. On April 6, Parliament passed four legislations, paving the way for the rollout of the GST from July. Most of the states in the country have already passed the state GST bills. UNI BB AKM 1129

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