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Spl assembly session on GST Bill on May 9
April, 28th 2017
The state government has convened a one-day special assembly session on May 9 to pass the State Goods and Service Tax (GST) Bill. Governor Mridula Sinha on Thursday issued a notification convening the special assembly session. The one-day session has been summoned with the objective to implement a unified indirect tax regime just over two months away. In February, the Union government announced that all the states will implement the GST from July 1. On April 6, the Parliament passed four legislations to pave the way for the roll out of the GST. These included the Central GST Bill, 2017, Integrated GST Bill, 2017, GST (Compensation to States) Bill, 2017, and the Union Territory GST Bill, 2017. GST is an indirect taxation merging most existing taxes into a single system of taxation.
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