GST Will Establish One Market One Taxation Regime: Chhattisgarh CM Raman Singh
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Chhattisgarh Chief Minister Raman Singh on Wednesday congratulated Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley for the passage of the much awaited Goods and Services (GST) Bill in the Rajya Sabha. He added that it will be a prime factor in binding India together and would lead the growth of the whole nation.
“Passage of #GSTBill concludes process of political integration initiated by #SardarPatel by also bringing economic integration,” said Raman Singh.
The Rajya Sabha on Wednesday night passing the GST Bill. The Upper House of the Parliament voted unanimously in favour of the Goods and Services Tax (GST) Bill which was pending in the house since long. The Bill is one of the most important economic reforms in the history of independent India.
After this, the Bill is slated to head back to Lok Sabha for the ratification of amendments moved in the Upper House, followed by the next crucial step — a ratification of the Bill by a minimum of 15 states in their respective assemblies. This will have to be followed by the President’s assent to the legislation to enable the rollout of GST by the intended deadline of April 1, 2017.