The Maharashtra state legislative assembly has unanimously ratified constitutional amendment of the Goods and Services Tax (GST) bill after finance minister Sudhir Mungantiwar assured that the state will not lose single penny after imposed GST. Finance minister also clarified in 288-member state assembly that the inflation rate will reduced by implementation of GST.
A special one-day session was called by legislature to consider ratification of the Goods and Services Tax (GST) Constitutional Amendment Bill which was passed by Parliament this month. Mungantiwar tabled a resolution to ratify the GST Bill wherein 14 members expressed their views including opposition leader, former chief minister and former finance ministers from opposition parties.
Mungantiwar while replying to the queries raised by opposition members said, “The government will insist to make separate provision in the Act so that BMC neither has to wait nor need to follow time to time for the compensation. Chief minister Devendra Fadnavis also discussed the Mumbai related issue with the union finance minister.”