Bihar Chief Minister Nitish Kumar on Tuesday reiterated JD(U) government’s support for the Goods and Service (GST) Bill that is facing roadblocks from the Congress dominated opposition in the upper house of the Parliament.
Nitish Kumar in a statement to the media said that he believes in the bill and has favoured it is since the beginning.
“We believe in GST and have favoured it since beginning; it is for the welfare of state and country,” he said in a statement today.
GST bill proposes a national value added tax to be implemented in India from June 2016 that would be a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments.
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The Bill empowers the centre to impose an additional tax of up to 1%, on the inter-state supply of goods for two years or more and intends to create a harmonised system of taxation by subsuming all indirect taxes under one tax.