Northeast India must have unified taxation regime: Assam finance minister Himanta Biswa Sarma

tax-man-scissors.jpg

He added that this move will arrest diversion of trade which states face. Sarma said that on July 26 budget for 2016-17 will be placed in the state assembly.

GUWAHATI: Assam finance minister, Himanta Biswa Sarma bats for unified taxation regime in Northeast India to stop diversion of trade between the states.

Sarma said, “We will have a unified tax regime with the coming of Goods and Services Tax (GST) which is likely to be implemented by April 1. However even if this does not happen I will take the lead and discuss with the finance ministers of Northeast Indian states for having uniform tax policy.”

He added that this move will arrest diversion of trade which states face. Sarma said that on July 26 budget for 2016-17 will be placed in the state assembly.

“For the first time we making a participatory budget and sought peoples suggestion though email. From next year onwards we will ask deputy commissioner to organize pre budget seminar and invite participation.” Sarma added.

Claiming that there is no hike in the prices of medicines, Sarma said that government is monitoring the situation and there is no hike in prices of medicines.

Recently Assam government has hiked VAT by one percent on 127 items which has triggered protests by political parties and organizations.

The government of Assam has withdrawn partial exemption granted to oil companies on sale of liquefied petroleum gas for domestic use within Assam.

Withdrawal of the subsidy will result in increase in prices of LPG cylinders by Rs 14 each. The price of petrol increased by 76 paise and diesel by Rs 1.67 per litre.

Source: http://economictimes.indiatimes.com/news/politics-and-nation/northeast-india-must-have-unified-taxation-regime-assam-finance-minister-himanta-biswa-sarma/articleshow/53177395.cms

Leave a Reply

Your email address will not be published.

Solve this and then Post Comment *

scroll to top