Telangana Legislature ratifies GST bill

telangana-assemblyA special session of both the Houses of the Telangana Legislature (Assembly and Council) is convened today to ratify the Constitutional amendment Bill for the Goods and Services Tax (GST), which was passed in Parliament.

Both the houses unanimously passed a resolution ratifying the GST Bill . Chief Minister K. Chandrasekhar Rao hailed the passing of unanimous resolution .

KCR speaking to members said, With GST, the state will get 50 percent share. No state was ready to let go its tax revenue and all states had urged the Centre to protect their interests. The Centre has assured that it will compensate the states for any revenue loss.

The monsoon session of the Telangana Legislative Assembly will begin from September 20. This was decided by the Business Advisory Committee .