GST bill passed in Bihar legislature in special one-day session

Goods and Services Tax, GST bill, Bihar

After Assam passed the Goods and Services Tax (GST) bill on Friday becoming the first state to do so, Bihar held a special one-day session on Tuesday and unanimously passed the bill in its legislative assembly.

Bihar thus became the first non-BJP ruled state to convene the session to give its consent to GST Bill.

The Constitution (122nd Amendment) Bill for the rollout of the GST was passed by the Lok Sabha on August 8 with 443 members present in the House voting in favour of the legislation. Union Finance Minister Arun Jaitley last week announced that the deadline for the rollout of the bill was April 1, 2017.

As per constitutional provision before enacting the law of GST, the bill has to be passed by at least 50% of the state assemblies.

The GST Bill is aimed at bringing uniform tax regime in the country by subsuming state levies. Under it, a single rate of GST will replace various taxes to ensure seamless transfer of goods and services.

Other states that have announced plans to hold a special assembly session include Jharkhand, Madhya Pradesh and Chhattisgarh. Jharkhand assembly, whose monsoon session ended on July 29, is going to be the third in line to ratify the Bill by calling a special one-day session on August 17.

LEAVE A REPLY

Please enter your comment!
Please enter your name here