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GST Council OKs law for compensation to states

To meet again on March 4 and 5 and take up supporting legislation

Arun Jaitley
Arun Jaitley

The Goods and Services Tax (GST) Council, at its 10th meeting on Saturday, ratified the draft law for compensation to states. However, it could not ratify the three enabling laws — Integrated GST (IGST), State GST (SGST) and Central GST (CGST) draft laws because of some contentious issues that cropped up. These three enabling laws are now expected to be ratified by the GST Council in its next meeting, on March 4 and 5 in New Delhi, Finance Minister Arun Jaitley said. If they are ratified, they would be taken up in Parliament during the second half of the Budget session starting ...