CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state government has first time ratified the the Goods and Services Tax (GST) Bill
A
Delhi
B
Jharkhand
C
Uttarkhand
D
Telangana
Explanation: 

Detailed explanation-1: -On 12 August 2016, Assam became the first state to ratify GST Bill. Bihar and Jharkhand became the second and third states to ratify GST on 16th August and 17th August 2016. It was passed by Lok Sabha on 8 August 2016 and by Rajya Sabha on 3 August 2016.

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: -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.

Detailed explanation-4: -The government proposes to introduce GST with effect from 1st July 2017.

There is 1 question to complete.