New Delhi: The Empowered Committee of State Finance Ministers on Goods and Service Tax (GST) will elect its new chairman at their meeting to be held on July 22.

The post is lying vacant since June 17 when Bihar Finance Minister Sushil Kumar Modi resigned following the JD(U)-BJP split.

"They (the empowered committee) will elect one when we meet on the 22nd. It is for them to elect a candidate (from) amongst themselves," Finance Minister P Chidambaram said.

The GST Bill, which was introduced in Parliament in 2010, is currently being vetted by the Standing Committee on Finance. After the committee submits its report, the states and the Centre would together finalize the draft and bring it back to Parliament.

The new Chairman would have to start afresh the process of building consensus on contentious issues among all states. In 2011, Modi replaced Asim Dasgupta, who had resigned following the defeat of Left Front government in West Bengal.

(Agencies)

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