The Madhya Pradesh Assembly would meet on Wednesday to consider the GST Bill. The legislatures of Chhattisgarh, Himachal Pradesh, Assam, Jharkhand and Bihar have already ratified the Bill that had been passed by Parliament.
Wednesday's sitting of the legislature has been convened especially for considering the Goods and Service Tax (GST) Constitution Amendment Bill, with no other business scheduled, said the Assembly Secretariat.
The special session is, in fact, in continuation of the monsoon session of the Assembly, which was not prorogued.
Already passed by Parliament, the Bill will facilitate introduction of a nationwide indirect tax on manufacture, sale and consumption of goods and services. It will create conditions for India to become a common market in terms of uniform tax treatment of trade and commerce across States.
The legislatures of Chhattisgarh, Himachal Pradesh, Assam, Jharkhand and Bihar have already ratified the Bill.
Notably, the Constitution (122nd Amendment) Bill for the rollout of the Goods and Services Tax (GST) was earlier passed by the lok Sabha and the Rajya Sabha. Union Finance Minister Arun Jaitley has announced that the deadline for the rollout of the Bill is April 1, 2017.
The GST Bill, seen as 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.