Bihar legislature to today convene special one-day session to ratify GST Bill

A special one-day session of Bihar State Legislature will be held today to ratify the constitution amendment bill on Goods and Services Tax, GST.

Published: 16th August 2016 10:18 AM  |   Last Updated: 16th August 2016 10:18 AM   |  A+A-

2016-07-27T152211Z_1_LYNXNPEC6Q12Z_RTROPTP_3_INDIA-TAX-REFORMS
By ANI

PATNA: A special one-day session of Bihar State Legislature will be held today to ratify the constitution amendment bill on Goods and Services Tax, GST.

It is reported that Bihar is the first non-BJP ruled state to convene session to gives 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 had on 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 percent 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.

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