GST Bill Passed by AP Assembly

On 16th May 2017, Andhra Pradesh assembly passed the much awaited Goods and Services Tax (GST) bill, thereby joining the bandwagon of states that are in favor of a uniform tax system in the whole country.

If sources are to be believed, the ratification of the bill came forth amidst a lot of brouhaha, what with the opposition party, YSR Congress creating a scene by shouting slogans and making a demand to discuss the issues of chilli farmers in the state. When it came to the discussion of the bill, the opposition party refused to participate in the proceedings.

While introducing the Andhra Pradesh GST Bill 2017, Yanamala Ramakrishnudu, the State Finance Minister stated that the new law being proposed is introduced based on the directions offered by the GST council, which were listed in the state GST draft circulated by them. He added that the law will provide the Andhra Pradesh State Government with a power to levy goods and services taxes on the goods and services that were supplied to or from the state. The law would be prevalent for all such transactions that took place within the confines of Andhra Pradesh.