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Union Cabinet okays GST supplementary and compensation bills

ANI  |  New Delhi [India] 

The Union Cabinet on Monday okayed the (Goods and Services Tax) supplementary (IGST, UTGST, CGST) and compensation bills.

Post approval, the bill will be introduced in as the sprints to meet the July 1 target date for rollout of the new indirect regime.

A set of four supporting legislations -- the Compensation Law, the Central-or C-GST, Integrated-or I-and Union Territory-or UT-- went together to the Cabinet for approval.

The Council, in its previous two meetings, had given approval to the four legislations as also the State-(S-GST) bill.

Once approved, levy of Goods and Services (GST) will get legal backing.

According to reports, the may attempt for all the four laws to be taken up for approval in together during the ongoing Budget session that ends on April 12.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 11:38 IST