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President Mukherjee nod to Constitution Amendment Bill on GST

The government plans to roll out the new indirect tax regime from April 1, 2017

Pranab Mukherjee
Pranab Mukherjee

President Pranab Mukherjee on Thursday gave assent to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year. Mukherjee has given approval to the bill, official sources said today. The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges. The GST is a single indirect tax which will subsume most of the central and state taxes such as Value Added Tax (VAT), excise duty, service ...