The Haryana Assembly on Thursday passed the Goods and Services Tax Bill, 2017, in the special one-day session of the House. It also gave legislators a hike in salaries and allowances with monthly salary of Ministers set to jump from 50,000 to 60,000 per month.
Haryana Excise and Taxation Minister Abhimanyu said the GST is a path-breaking reform in taxation history which will knit the entire country into a single market by ironing out distortions, putting an end to skewed and dissimilar tax practices and make the going for trade and industry a lot easier.
Capt Abhimanyu said the new tax would subsume 17 different types of indirect taxes of the Centre and States and do away with the multiplicity of taxes.
HSN Codes of all Commodities – CLICK HERE
GST Rates of all Commodities – CLICK HERE
GST Calculator – CLICK HERE
“The GST will take the feature of the Value Added Tax (VAT) from State boundaries to the national level. The GST is a destination-based tax. The threshold limit under the GST has been fixed at 20 lakh, which is currently 5 lakh in Haryana,” he said.
Capt. Abhimanyu said another important feature of the GST was that tax practices had been harmonised to the best possible extent.
“Traders under composition scheme would be required to pay tax at the rate of half per cent under the State GST and half per cent under the CGST. The manufactures will have to pay at the rate of 1% and taxpayers serving foods will be paying at the rate of 2.5% under the composition scheme of GST,” he said.
Therefore, the State authorities and central authorities have been cross-empowered to perform various statutory functions under the Central and States laws to provide single interface to the taxpayers,” the minister added.
Three Bills
The Assembly also passed three Bills effecting hikes in the salary of the Speaker, the Deputy Speaker, the Leader of the Opposition, Ministers and Ministers of State.
The salary of the Speaker and the Deputy Speaker, will increase from 50,000 to 60,000 and their office allowance 2,000 to 20,000.
This will entail an expenditure of 6.72 lakh from the State exchequer, the House was informed.
The hikes were made under the Haryana Legislative Assembly Speaker’s and Deputy Speaker’s Salaries and Allowances (Amendment) Bill, the Haryana Salaries and Allowances of Ministers (Amendment) Bill and the Haryana Legislative Assembly (Salary, Allowances and Pension of Members) Amendment Bill, 2017.
The Hindu, 05 May 2017
