ENA Economy 2017-06-06 06:17:04 <p><strong>New Delhi, June 6 (KNN)</strong> The Goods &amp; Services Tax (GST) is to be implemented from July 1, 2017, but as many as seven states are yet to pass the State GST Act.</p> <p>So far 24 states have passed the SGST Act and the seven states that havent include - Meghalaya, Punjab, Tamil Nadu, Kerala, Karnataka, Jammu &amp; Kashmir and West Bengal have yet to pass the SGST Act. </p> <p>Except for Jammu &amp; Kashmir where BJP is in alliance, all other states are non-BJP ruled states.</p> <p>GST, once implemented, will subsume 16 different taxes.</p> <p>Meanwhile, West Bengal wants the Centre to delay roll out of the GST by a month.</p> <p>West Bengal Finance Minister Amit Mitra at the meeting of the GST Council last week had said that implementation of the GST from July 1 will have serious problems as the IT infrastructure required to manage GST's returns and invoice uploading are not in place .</p> <p>So far, GSTN has been able to do test drive on 200-300 companies in each state. Forms and rules have been changed in May.</p> <p>As per the GST Constitutional amendment, all states have to pass SGST bills by September 15, 2017, failing which they will lose their taxation powers.</p> 17236 http://knnindia.co.in/news/newsdetails/economy/gst-implementation-in-less-than-a-months-time-now-but-sgst-bill-yet-to-be-passed-in-7-states 2017-06-06 06:17:04 knnindia.co.in