Delhi becomes eighth state to ratify GST Bill

Delhi became the eighth state to ratify the Goods and Services Tax Constitution Amendment Bill after a nod was given by the assembly on Wednesday . The Bill needs to be ratified by at least 15 states before the President can notify the GST council.
The Bill was ratified in the absence of the BJP MLAs who had earlier staged a walkout. AAP has been in favour of GST. However, Sisodia and other MLAs raised several concerns that they hoped  would be kept in mind while drafting the specificities of the Bill. “There is a Rs 20 lakh threshold for VAT that may be brought down to Rs 10 lakh or less. This will have a detrimental impact on small and medium traders. We want the limit to be increased to Rs 25 lakh per month,“ Sisodia said.
“We want the limit of Rs 1.5 crore turnover up to which the state can collect tax to stay,“ he said.

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