Friday, March 31, 2017

March, 2017: Union Cabinet approved four GST related bills

GST goods and services tax march 2017 bills

The Union Cabinet chaired by the Prime Minister Narendra Modi approved the following four GST related bills:

1.         The Central Goods and Services Tax Bill 2017 (The CGST Bill)

2.         The Integrated Goods and Services Tax Bill 2017 (The IGST Bill)

3.         The Union Territory Goods and Services Tax Bill 2017 (The UTGST Bill)

4.         The Goods and Services Tax (Compensation to the States) Bill 2017 (The Compensation Bill)

The above four Bills were earlier approved by the GST Council after thorough, clause by clause, discussion over 12 meetings of the Council held in the last six months.