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Bihar passes GST bill in trail after Assam

Updated on: 08 Sep, 2023 12:48 PM

Bihar is the first non-NDA government to pass GST following its ratification by the BJP-ruled Assam last Friday. The Constitution (122nd Amendment) Bill, 2014 on GST has already been passed by Lok Sabha and Rajya Sabha. The GST Bill, seen as the single biggest tax reform in a long time needs to be ratified by at least 15 state legislatures before the President can notify the GST Council, which will decide the new tax rate and other issues.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.