Cabinet meet on GST Bill begins in Parliament library
March 20, 2017 10:11
Union Cabinet meeting to discuss the GST Bill begins in the Parliament.
The Narendra Modi government is racing against time to roll out GST from July 2016, after successive governments have missed several deadlines.
The GST Council headed by finance minister Arun Jaitley has cleared all the five draft laws. On March 16, the Centre and states approved SGST and UT-GST Bills that will enable states and Union territories to introduce the GST, billed as Indias biggest tax reforms.
On March 4, the council had approved the CGST and IGST Bills.
The Modi government has been able to bring all states on board, overcoming almost a decade of political differences on how to replace a multi-layered set of central and state taxes and levies with a unified nationwide GST.
The Narendra Modi government is racing against time to roll out GST from July 2016, after successive governments have missed several deadlines.
The GST Council headed by finance minister Arun Jaitley has cleared all the five draft laws. On March 16, the Centre and states approved SGST and UT-GST Bills that will enable states and Union territories to introduce the GST, billed as Indias biggest tax reforms.
On March 4, the council had approved the CGST and IGST Bills.
The Modi government has been able to bring all states on board, overcoming almost a decade of political differences on how to replace a multi-layered set of central and state taxes and levies with a unified nationwide GST.
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