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FOUR GST BILL THAT WERE PASSED BY CABINET

Goods and Services Tax - GST - By: - esha agrawal - Dated:- 1-4-2017 - The Union Cabinet has cleared four bills related to the Goods and Services Tax (GST), ahead of their introduction in Parliament, to enable roll out of the tax reform from July 1. .....

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ke VAT. What is GST bill? Goods and Services Tax bill is India s biggest reform in India s indirect tax structure. The purpose of the bill is to introduce one single tax on supply of goods and services, from the manufacturing stage until its delivery .....

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e duties and service tax and state levies like VAT will be absorbed under GST. What were the four bills approved by the Cabinet ? The Central Goods and Services Tax Bill 2017 (The CGST Bill), The Integrated Goods and Services Tax Bill 2017 (The IGST .....

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percent after the GST Council proposed raising the peak rate in the Bill to 20 percent, from the current 14 percent, to obviate the need for approaching Parliament for any change in rates in future. The change in the peak rate will not alter the 4-s .....

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ntra-state supply of goods or services or both by the central government. IGST Bill deals levy of GST on inter-state supply of goods or services or both by the central government. Similarly, the UTGST Bill provides for levy of GST on intra-UT supply .....

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