A resolution for the ratification of the constitutional amendment for the initiation of Goods and Services Tax (GST) bill was tabled by the state government as a special session of the Maharashtra Legislature started on Monday. This is to ratify central government’s move to introduce uniform taxes on goods and services across India.
While tabling the resolution the state government said Maharashtra will be one of the major beneficiaries among all states in the country with abolition of about 17 taxes following introduction of the GST.
The resolution was moved during one-day special legislative session to ratify the 122th constitutional amendment. Finance minister Sudhir Mungantiwar said the GST will not only prove to be a game changer for the country, but it will also help Maharashtra increase its GDP. The government has also claimed that the tax payers will be most benefitted lot.
“Maharashtra accounts for the highest share of 19.62 per cent of the service industry in the country and hence we will benefit from the new bill. The GST will help us bring tax evaders in the taxation net. This will prove in the interest of tax payers. The new regime will help the government eradicate poverty and inequality,” Mungantiwar said.
Once approved by the legislature, Maharashtra will be 9th state to ratify the bill passed by the Parliament earlier this month. With none of the major parties in state assembly opposing the GST, the resolution is likely to be passed.
The Congress, while supporting the resolution, said the GST regime was initiated by Congress-led UPA government first 11 years ago. The Nationalist Congress Party said the GST has failed in many countries across the world.