Patna: A special one-day session of Bihar State Legislature was held on Tuesday where it ratified the Constitution Amendment Bill on Goods and Services Tax (GST).
It is reported that Bihar is the first non-Bharatiya Janata Party ruled state to convene a session to give its consent to the GST Bill.
The Constitution (122nd Amendment) Bill for the roll-out 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. Last week, Union Finance Minister Arun Jaitley had announced that the deadline for the roll-out of the new taxation regime was April 1, 2017.
According to the constitutional provision, before enacting the law of GST, the Bill has to be passed by at least 50 per cent of the state Assemblies.
The GST Bill is aimed at bringing a 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.
