Bihar First Non-NDA State to Approve GST Bill

Chief Minister Nitish Kumar holding a press conference outside Bihar Assembly after the GST Bill was passed on Tuesday.

Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Patna: The state House in Bihar on Tuesday approved the Goods and Service Tax (GST) through a voice vote thus becoming the first non-NDA state in the nation to ratify the Constitutional Amendment on GST.

The bill was approved in a rare case of unanimity among all major political parties in Bihar including the Janata Dal – U, Bharatiya Janata Party (BJP), Rashtriya Janata Dal (RJD), and Congress.

The move, however, was opposed by the Communist Party of India (ML) whose lone legislator walked out from the House in protest against the bill.

Earlier, Assam, a BJP-ruled state, had passed the GST Bill thus making Bihar the second state in the country to ratify the amendment.

The bill that purports to introduce major reform in the tax law, needs to be approved by a minimum of 15 state legislatures before it goes to the President who will then pass it on to the GST Council that will then determine the new tax rates to be finalized before April 2017.

Chief Minister Nitish Kumar, jubilant over the passing of the bill in the state Assembly, said that he was in favor of the bill since the idea was first floated by former Finance Minister Pranab Mukherjee saying it would usher great transparency in the tax collection process and subsequent distribution among the states.

For a cash-strapped state like Bihar particularly in the wake of the massive loss of revenue due to the recent implementation of prohibition in the state, the proposed tax reforms would also mean financial bonanza for the states that would now be able to share the service tax on a number of sectors like banks, railways, telecommunication etc. that were earlier kept by the Center.

BLOG COMMENTS POWERED BY DISQUS

More News...

Bihar and Jharkhand Association in New Jersey Celebrates Diwali

Nov 17, 2017
Diwali observed by Biharis and Jharkhandis in New Jersey.
Edison, NJ, USA: Bihar and Jharkhand Association of North America (BJANA) community based in Edison, New Jersey in the USA celebrated Diwali at the…

Chief Minister Gifts Modern Amenities to Bihar Prisoners

Nov 15, 2017
Nitish Kumar inaugurating various schemes in Hajipur Jail on Monday.
Hajipur: Chief Minister Nitish Kumar in Hajipur on Wednesday launched a host of schemes for the welfare of prisoners in Bihar doing time for…

Nine Men Arrested for Violating Prohibition Laws

Nov 15, 2017
Honda sedan with fake Government of India tag used to make home deliveries of liquor bottles in Patna.
Patna: Kankarbagh police in Patna on Wednesday arrested nine men and seized 150 bottles of foreign liquors from their possession along with two cars…

Five Persons, Including Two Women, Arrested in Toilet Scam

Nov 15, 2017
Five arrested in multi-crore rupees Toilet Scam.
Patna: A Special Investigative Team (SIT) on Wednesday arrested five persons including two women in connection with the so-called 'Toilet Scam' in…

Nitish, Lalu Trade Barbs over Tejaswi's Political Experience

Nov 14, 2017
Chief Minister Nitish Kumar talking to media in Patna on Monday.
Patna: Chief Minister Nitish Kumar, talking to reporters in Patna on Monday, dubbed Rashtriya Janata Dal (RJD) heir-apparent Tejaswi Yadav saying his…

Pappu Yadav Encourages Assassinating Corrupt Leaders

Nov 14, 2017
JAP leader Pappu Yadav speaking at S K Memorial Hall in Patna on Monday.
Patna: Jan Adhikar Party (JAP) leader Pappu Yadav, under the banner of 'Yuva Kranti Samvad' at S K Memorial Hall in Patna on Monday, said that if he…

View Your Patna

/30

Your Favorite Recipes on PD

Recipes

Latest Comments

Recent Articles in Readers Write, Lifestyle, Feature, and Blog Sections