PANJIM: The State government
has decided to call for a special session of the State Legislative Assembly to
pass the Goods and Services Tax (GST) Bill, which was passed by Parliament
earlier this month.
“The Bill is currently being
studied by the Finance Department and they have recommended that we should
immediately pass it,” Chief Minister Laxmikant Parsekar told media persons on
Tuesday.
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“We will call for a special
session to pass the Bill soon,” Parsekar added, refusing to state when the
session would be called. As per law, 50 percent of the States have to pass the
Bill to make it legislation.
During the recently
concluded monsoon session of the State Assembly, the government had welcomed
the GST regime in the country claiming that the bill will help the coastal
state. “We being a tourism state will be benefitted due to this regime,”
Parsekar had told the House.
Parsekar said there is no
risk factor as the Central government has assured to compensate the State
on tax for five years.
