CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following state has the 13th state to ratified Goods and Services Tax (GST) bill
A
Telangana
B
Gujarat
C
Assam
D
Mizoram
Explanation: 

Detailed explanation-1: -Detailed Solution. Assam became the first Indian state to ratify GST (Goods and Services Tax) Constitution amendment bill. GST (Goods and Services Tax) Constitution amendment bill was passed by the Indian Parliament in the year 2017 as One Hundred One constitution amendment act.

Detailed explanation-2: -States who have suffered any losses due to the GST implementation will receive compensation according to the GST Compensation to States Bill which was passed in March 2017. This is for 5 years starting from the date the state implements the GST Act.

Detailed explanation-3: -France was the first country in the world to implement Goods and Services Tax (GST). More than 140 countries across the globe have implemented the GST.

There is 1 question to complete.