President Pranab Mukherjee approves all four GST Bills

President Pranab Mukherjee approves all four GST Bills The Honble President, Mr. Pranab Mukherjee, has given his assent to the four key Good

CA Deepak Gupta

Apr 14, 2017

Last update on Apr 14, 2017

President Pranab Mukherjee approves all four GST Bills The Honble President, Mr. Pranab Mukherjee, has given his assent to the four key Goods and Services Tax (GST) Bills, after they were passed by the Parliament. Earlier, these Bills were passed in Rajya Sabha on April 6, 2017 and by Lok Sabha on March 29, 2017. Recently, with Presidential nod, the much-awaited indirect tax reform i.e. GST further moves closer for the roll out of one-nation-one-tax regime from July 1, 2017. The four GST Bills which are now enacted can be accessed as under: -

CENTRAL GOODS AND SERVICES TAX ACT, 2017
Union Territory GST Act, 2017
INTEGRATED GOODS AND SERVICES TAX ACT, 2017
GOODS AND SERVICES TAX (COMPENSATION TO STATES) Act 2017

On May 17-18, we will give final approval to rules and rates, looks like it can be implemented from 1 July...Happy at the fact that when it comes to enforcing GST bill all political parties came out in one voice," Finance Minister Arun Jaitley said after the RS passed the bill. President Pranab Mukherjee approves all four GST Bills,President Pranab Mukherjee approves all four GST Bills

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