 "The Union Cabinet on Monday gave its nod to four of the five Bills approved by the GST Council")
With GST all set to be rolled out from July 1, states have not made too many changes in the indirect tax structure in their budgets for 2017-18.
According to a study on budgets for 15 states by CARE Ratings, the assumption is that there could be adequate compensation provided to the states for any shortfalls in revenue receipts on this count.
The GST Council has already approved all the five Bills and union Cabinet on Monday gave nod to four of them, required to be passed by Parliament.
The Central GST, Union Territory GST, Integrated GST and Compensation Bills
