Imphal, May 2, 2017 (DIPR): In view of the Central Government decision to roll out the Goods and Services Tax in the Country with effect from 1st July, 2017, the State Cabinet today approved the proposed formulation of Section 173 and 174 for the finalisation of Draft Bill of the State Goods and Services Tax by the GST Council.
The GST Council has approved the model draft State GST bill on 31/03/2017 has requested the State Government to make available to the Council, precise formulation of Section 173 and section 174 of the SGST Bill of the State of Manipur after incorporating the Acts to be repealed/amended.
The Manipur State Goods and Services Tax Bill, 2017 would be introduced in the State Assembly. The Bill, inter alia, would provide (i) to levy tax on all intra-State supplies of goods or services or both except of alcoholic liquor for human consumption at the rate to be notified, not exceeding twenty percent as recommended by the Goods and Services Tax Council; (ii) at present tax on sale of petroleum crude, high speed diesel, petrol, natural gas and aviation turbine fuel will be levied under the existing Manipur VAT Act, 2004 till the Goods and services Tax Council recommends the date on which the goods and services tax will be levied on these items. (DIPR)
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