CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state became the 16th state to ratify the goods and services tax (GST) bill 2016
A
Odisha
B
Madhya Pradesh
C
Gujarat
D
Jharkhand
Explanation: 

Detailed explanation-1: -Odisha became the 16th state to pass the Goods and Services Tax (GST) Bill today. “With Odisha ratifying the Constitutional Amendment bill for GST, minimum requirement of 50 per cent states ratifying the bill is complete, ” said Revenue Secretary Hasmukh Adhia in a tweet.

Detailed explanation-2: -Assam on Friday became the first state in the country to ratify the constitution amendment bill on the Goods and Services Tax (GST) as the assembly unanimously passed the bill.

Detailed explanation-3: -22 states, and 2 Union Territories with Legislatures (Delhi and Puducherry) have already passed their respective State GST Bill in their State Assemblies.

Detailed explanation-4: -In order to implement this tax reform, Constitutional (122nd Amendment) Bill (CAB for short) was introduced in the Parliament and passed by Rajya Sabha on 03rd August, 2016 and Lok Sabha on 08th August, 2016.

There is 1 question to complete.