Agency.Touted as one of the country’s biggest tax reforms in decades,Goods and Service Tax (GST)is all set to become a reality. The GST Council, which met on Saturday at Vigyan Bhavan, has cleared the Central GST and Integrated GST laws and also agreed to hold next meeting on March 16.
Union Finance Minister Arun Jaitley announced the approval of Central GST and Integrated GST laws by the GST Council. He said, “The decision was unanimous and all the states have supported it.”
The deck has been cleared for the Union government to take these two bills to Parliament for the passage in the ongoing Budget session.