In a major step towards a unified goods and services tax regime across the country, After Assam, on Tuesday the Bihar Assembly passes Goods and Services Tax (GST) Constitutional Amendment Bill.
The historic GST bill passes with parliament passing the relevant constitution amendment bill in what is seen as the most radical indirect tax reform in over six decades.
The Lok Sabha passed the amendments to the bill adopted by Rajya Sabha during its passage last week.
Prime Minister Narendra Modi was present in the Lok Sabha when the bill was passed.
Intervening during the nearly six hour debate on the bill, he said Goods and Services Tax (GST) bill will go a long way in helping states, support small entrepreneurs and also curb the menace of corruption.
He said that the new tax law will be an important step towards getting the country rid of “tax terrorism” and also make “consumers the king”.