The AAP government has already made it clear that it is in favour of Goods and Services Tax, which would subsume a number of indirect central and state levies.
Sources in the city administration said the assembly will clear the bill if an official communication is received from the Centre before the start of session.
The Centre is counting on 13 NDA-ruled states to ratify the legislation at the earliest, besides eyeing some other opposition-ruled states so it can initiate steps to roll out the GST by April next year.
The Lok Sabha passed the GST bill today, while Rajya Sabha had cleared it last week.
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A meeting of the Cabinet presided over by Deputy Chief Minister Manish Sisodia decided to convene the assembly from August 22-26.
There will be no sitting of the Assembly on August 25 on the occasion of 'Janmashtmi'.
Chief Minister Arvind Kejriwal is currently undergoing a 'vipassana session' in Dharmsala and government's agenda for the session is likely to be finalised once he resumes work on August 12.
The government is also expected to table a proposal in the assembly to do away with luxury tax on hotel rooms having rent up to Rs 1,500.
"We have recently sent the proposal for doing away with luxury tax on hotel room with a rate of Rs 1,500 per night. If the Lt Governor gives his nod to proposal, it will then be tabled in the House for approval," an official said.