Goods and Services Tax – GST – Dated:- 16-5-2017 – Lucknow, May 15 (PTI) The State GST Bill was tabled in the opening session of the 17th Uttar Pradesh assembly today with Chief Minister Yogi Adityanath describing the new tax regime as a welfare measure . The chief minister tabled the Goods and Services Tax (GST) Bill in the House when it reassembled after Governor Ram Naik's address to the joint sitting of the state legislature. This is the first assembly session after the BJP government led by Yogi Adityanath came to power last month after a landslide victory in the state assembly elections. GST is an important step not only for traders, but also for economic reforms in the country. 'One Nation, One Tax' is in the interest of
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alient features of the proposed legislation on GST. On May 2, the UP cabinet had approved a draft bill for implementation of the GST in the state. After the bill is passed by the state assembly, where the BJP has a three-fourth majority, Uttar Pradesh will join the likes of Uttarakhand, Jharkhand, Telangana, Bihar and Rajasthan whose legislatures have given their nod to the indirect tax regime. The state government is confident that its tax revenue would increase under GST, which is touted as the most liberal tax structure to be adopted in the country. Four key GST legislations – the Central GST Act, the Integrated GST Act, the GST (Compensation to States) Act and the Union Territory GST Act – were passed by the Parliament in its last sessi
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