President to notify GST council as Goa becomes 15th state to ratify bill
Goa on Wednesday became the 15th state to ratify the Goods and Services Tax (GST) Constitution Amendment Bill, paving the way for the legislation to be notified by the President to the GST Council. During a day-long session of the assembly convened today, all the members of the House unanimously passed the resolution ratifying the GST with Opposition MLAs cautioning the state government over implication of the new tax regime in Goa.
Ruling out any negative impact on the new tax regime, Goa Chief Minister Laxmikant Parsekar said it would instead help sectors like service and tourism, bringing in more revenue to the state. He said the Centre has already assured to compensate for five years, if there is any loss in revenue during implementation of GST.
Parsekar termed the GST Bill as “historical, revolutionary and far sighted”. “Many thought that NDA with no majority in the Rajya Sabha would not be able to pass the Bill in the Upper House. But Prime Minister Narendra Modi managed to overcome this barrier,” he said.