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Wednesday, May 3, 2017

GST Bill - Madhya Pradesh Becomes Fourth State to Clear GST Bill Wednesday May 03,2017

In a special one-day session, Madhya Pradesh Assembly on Wednesday May 03,2017 passed Goods and Services Tax (GST) Bill unanimously, becoming the fourth state to have done so.

State finance minister Jayant Malaiya introduced the GST Bill 2017, which was approved with a voice vote after discussion. “The GST will be helpful in controlling inflation,” Malaiya said.

After the session, revenue minister Umashankar Gupta gave credit to Prime Minister Narendra Modi and Union finance minister Arun Jaitley for allying fears from various quarters towards GST and evolving a consensus on the new tax regime.
“The concept of One India-One Tax would help in curbing inflation and corruption would be lowered,” former chief minister Babulal Gaur said.

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