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Saturday, August 13, 2016

Bihar Legislative Assembly' to hold special session on August 16,2016 to pass the Goods and Services tax (GST) bill

Bihar Legislative Assembly's monsoon session ended on August 04,2016  but it has called for a special one-day session on August 16,2016 to pass the Goods and Services tax (GST) bill cleared by the Rajya Sabha on Aug 03,2016

On August 09, 2016 the Lok Sabha unanimously passed the constitution amendment bill and now the GST must be cleared by at least 15 of the 29 states.

Bihar Chief Minister Nitish Kumar, usually not in league with Prime Minister Narendra Modi, had, last week, phoned Finance Minister Arun Jaitley, offering to convene a special sitting to sign off on the proposal.

The Chief Minister has earlier said that the GST could add about 8,000 crores to Bihar's revenue every year.
 

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