GST Bill tabled in TN Assembly

GST Bill tabled in TN Assembly

The Tamil Nadu Goods and Services Tax (GST) bill was introduced in the state Assembly today, by commercial taxes minister K C Veeramani.

The bill was tabled by the minister, amid protest by DMK MLAs who urged the speaker P Dhanapal to allow them to talk about ‘MLAs for cash’ issue.

Recently, Tamil Nadu finance minister D Jayakumar has said during his address at the GST council meeting, chaired by Union Finance Minister Arun Jaitley in Delhi, that the GST Bill will be tabled in Assembly in the session that started today.

Pointing out that the State government was committed to rolling out the GST, he raised several demands, including keeping tax on entertainment sector at 12 per cent. “There are already local taxes imposed on that sector, so if the GST comes in, that will be like double taxation,” he said.

Addressing the 16th meeting of the GST Council, Finance Minister Arun Jaitley announced maintaining of 28 percent tax on all cinema tickets above Rs. 100, while of those below Rs. 100 to be reduced to 18 percent.

While fixing the GST on cashew nuts, the minister said that the rates have been reduced from 12 percent to five percent.