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Wednesday, June 21, 2017

Ordinance in place of Kerala GST Bill cleared Wednesday June 14,2017

The Kerala state government has cleared the ordinance in place of the Kerala Goods and Services Tax Bill 2017
The Cabinet meet on Wednesday June 14,2017 recommended the Governor promulgate the ordinance.  
Kerala was hoping the Centre would defer GST rollout by one month. 
However, the decision to bring in an ordinance was taken with the Centre gearing up to roll out the new tax regime from July.
“The state was expecting the Union Government to extend it for one more month.
 However, with the new tax structure coming up in July, the government decided to introduce an ordinance and later get it cleared in the Assembly,” a source said. 
Parliament had passed the GST Bill in August 2016.
 Following this, the GST council had asked the state governments to pass the state Bill by May.

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