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Hope to take GST legislations to Parliament this session FM

Goods and Services Tax - GST - Dated:- 4-2-2017 - New Delhi, Feb 3 (PTI) Keen to rollout the Goods and Services Tax by July, the government plans to take the supporting legislations to Parliament next month, Finance Minister Arun Jaitley said today. While the all-powerful GST Council has already decided on a four-slab tax structure for the indirect tax regime, the levy for different goods and services will be decided by May or June. Jaitley said he hopes to get Central GST (CGST) and Integrated .....

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SGST) for approval. We will meet on 18th of this month. Hopefully, my target currently is to finalise those drafts and take them in the second part of the budget session in Parliament, Jaitley said at a post-Budget meet with industry chambers. While the CGST will subsume central taxes of excise, central sales tax and service tax, IGST is to be charged on movement of goods and services from one state to another. States will also have to pass SGST or State Goods and Service Tax. Also, a GST Compen .....

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