New Delhi | Posted : Mar 21 2017 2:16AM | Updated: Mar 21 2017 1:07AM
The Union Cabinet on Monday approved four Goods and Services Tax (GST)-related bills, which have already been approved by the GST Council after detailed discussions.
The draft legislations include Central Goods and Services Tax (CGST) Bill 2017, Integrated Goods and Services Tax (IGST) Bill 2017, Union Territory Goods and Services Tax Bill (UTGST) 2017 and Goods and Services Tax (Compensation to the States) Bill 2017.
"With the Cabinet approval to these four bills, the GST regime in India is in the final stages of culmination and the GST law will most likely be implemented from July 1. The four Bills have been earlier approved by the GST Council. IANS