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Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017

Goods and Services Tax - GST - Dated:- 10-3-2017 - The GST Council in its 9th Meeting held on 16 January 2017 took note of the work to be completed for the rollout of GST and after deliberations, agreed to extend the date for rollout of GST from 1st April 2017 to 1st July 2017. Steps taken to ensure rollout of GST by 1st July 2017 include approval of the Draft GST Compensation Law by the GST Council in its 10th Meeting on 18 February 2017 held in Udaipur, Rajasthan. Subsequently, the Draft CGST .....

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the Central level, the following taxes are being subsumed in GST: Central Excise Duty, Additional Excise Duty, Service Tax, Additional Customs Duty commonly known as Countervailing Duty, and Special Additional Duty of Customs. Cesses and surcharges (Except Clean Energy Cess) At the State level, the following taxes are being subsumed in GST: State Value Added Tax/Sales Tax, Central Sales Tax (levied by the Centre and collected by the States), Entertainment Tax (other than the tax levied by the lo .....

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