Cabinet approves amendments to GST bill

The Cabinet approves amendments to GST bill. The GST bill, intends to convert 29 states into a single market through a new indirect tax regime.

The amendments were taken up by the Cabinet after FM Jaitley’s assurance to state FM that the government will include in the Bill the mechanism of compensating states for all the loss of revenue for 5 years. Continue reading “Cabinet approves amendments to GST bill”

GST Bill Summary – 2016

GST Bill Summary

GST is taking pace in the parliament, BJP govt is hopeful of passing GST bill in the monsoon session of parliament starting from Monday, 18th July’16. When it going to become act it is necessary to understand some key provisions of draft GST bill. So here we present GST bill summary. Continue reading “GST Bill Summary – 2016”