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Union Cabinet to consider GST Bill today

ANI  |  New Delhi [India] 

The Union Cabinet will today discuss the introduction of Goods and Services (GST), say sources.

The Cabinet is expected to take up the bill for approval the supporting legislations.

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--- are likely to together go to the Cabinet for approval.

The Council, in its previous two meetings, had given approval to the four legislations.

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Union Cabinet to consider GST Bill today

The Union Cabinet will today discuss the introduction of Goods and Services Tax (GST), say sources.The Cabinet is expected to take up the bill for approval the supporting GST legislations.Post approval, the bill will be introduced in Parliament as the government sprints to meet the July 1 target date for rollout of the new indirect tax regime.A set of four supporting legislations -- the Compensation Law, the Central-GST or C-GST, Integrated-GST or I-GST and Union Territory-GST or UT-GST -- are likely to together go to the Cabinet for approval.The GST Council, in its previous two meetings, had given approval to the four legislations.Once approved, levy of Goods and Services Tax (GST) will get legal backing.According to reports, the government may attempt for all the four laws to be taken up for approval in Parliament together during the ongoing Budget session that ends on April 12.

The Union Cabinet will today discuss the introduction of Goods and Services (GST), say sources.

The Cabinet is expected to take up the bill for approval the supporting legislations.

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--- are likely to together go to the Cabinet for approval.

The Council, in its previous two meetings, had given approval to the four legislations.

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Union Cabinet to consider GST Bill today

The Union Cabinet will today discuss the introduction of Goods and Services (GST), say sources.

The Cabinet is expected to take up the bill for approval the supporting legislations.

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--- are likely to together go to the Cabinet for approval.

The Council, in its previous two meetings, had given approval to the four legislations.

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22