Bihar Ratifies Goods and Services Tax

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Bihar Legislature has adopted the Bihar Goods and Service Bill, 2017 and the Bihar Taxation (Amendment) bill, 2017.

Bihar has become the second state after Telangana to pave the way for roll out of the GST from July 1.

Bihar Legislative Assembly as well as Legislative Council adopted the Bills related to GST with one voice.

The Centre, which, after much deliberations, now intends to roll out GST from July 1, has asked all the State legislatures to ratify the GST Bill. This will help the States in switching over from the current system of levying multiple indirect taxes at the State and Central levels.

The proposed State legislation would confer power on the State Government to levy goods and services tax on the supply of goods and services or both, which takes place within the State.

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