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India's GST Approved By All But One State

by Mary Swire, Tax-News.com, Hong Kong

21 June 2017


The Indian Ministry of Finance announced on June 21 that just one Indian state, Jammu and Kashmir, still needs to approve the State Goods and Services Tax Act ahead of the nationwide roll-out of GST from July 1.

In a statement, the Ministry announced that: "The State of Kerala issued an Ordinance today approving State GST Act while the State of West Bengal had issued an Ordinance in this regard on June 15, 2017. Now only one State is left: the State of J&K, which is yet to pass the State GST Act. Thus, almost the entire country including all the 30 States/UTs are now on board and ready for the smooth roll-out of GST with effect from July 1."

GST will replace the centrally levied CENVAT, the central excise duty, service tax, customs duties, and any related surcharges. GST will also replace the state-level levies VAT, sales taxes, entertainment and gambling taxes, the luxury tax, certain entry taxes, and related state surcharges.

TAGS: Finance | tax | sales tax | India | gambling tax | goods and services tax (GST) | luxury tax | excise duty | gambling | services | Tax

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