Aizawl (ZoramObserver.com): Mizoram assembly today unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017, becoming the 12th state in India to have passed the bill.
The GST bill introduced by state taxation minister Lalsawta was passed by the legislature after prolonged deliberation involving eight members.
One day special session was summoned today by Mizoram Governor Lt. Gen. Nirbhay Sharma (Rtd) to deliberate on a state law on Goods and Services Tax (GST).
Introducing the bill, taxation minister Lalsawta expressed hope that the tax regime under GST would substantially increase tax revenue for the state government since it will broaden the tax base, which will include not only goods but also services.
He said that although the GST will subsume the existing tax laws, the items taxed under these laws will still be included under GST.
He also expressed hope that the GST would help in decreasing price of commodities for the common people.
Along with rest of the country, the GST would come into force in the whole of Mizoram from July one this year, he added.
Cutting across party lines members of the state legislature supported the bill and hoped that the new law would be beneficial for both the state government and the people.
With the passing of GST bill by Mizoram Assembly today, 12 states have so far passed the bill. These states include Telangana, Bihar, Rajasthan, Jharkhand, Chhattisgarh, Haryana, Uttarakhand, Goa, Andhra Pradesh, Uttar Pradesh and Maharashtra. One Union Territory Puducherry had also passed the GST bill on May 17.
Mizoram Assembly also today passed the amendment bill to the Mizoram Value Added Tax (VAT) Act as introduced by Lalsawta.
Lalsawta said that amendment to Mizoram VAT Act was necessary as certain items viz. like alcoholic liquor, petroleum crude, motor spirit, high speed diesel, natural gas and aviation turbine fuel are left out of the purview of GST.
Finance Minister Lalsawta also today laid the report of the Comptroller Auditor General of India in the assembly.
The one-day special session of the Mizoram assembly, summoned today by Governor Lt. General Nirbhay Sharma to deliberate on a state law on Goods and Services Tax (GST), was adjourned sine die in the afternoon by Speaker Hiphei.