With less than a month left for the rollout of the GST, the 'Karnataka Goods and Services Tax Bill, 2017' was unanimously passed by the state assembly here today.
Before Karnataka, as many as 24 states and Union Territories had passed the State Goods and Services Tax (SGST) bill in their respective legislative assemblies.
As per the GST Constitutional amendment, all states have to pass SGST bills by September 15, 2017, failing which they will lose their taxation powers.
Piloting the bill, Karnataka Chief Minister Siddaramaiah said the state has always been at the forefront of issues like implementing tax reforms, including VAT.
"Even the World Bank has acknowledged Karnataka as the most progressive states in implementing tax reforms, " he added.
Countering this, Vishweshwara Hegade Kageri (BJP) said the image of the state took a hit for not being the first state to pass the SGST bill, especially after being the first state to implement VAT.
Source:The Economic Times
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