Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 https://www.taxtmi.com/news?id=17573 The document records administrative and legislative actions to implement GST by 1 July 2017, noting Council approvals of Draft CGST, Draft IGST and Draft GST Compensation laws, resolution of dual control through cross-empowerment to provide a single taxpayer interface, and consensus-based Centre-State decisions. It enumerates central and state levies to be subsumed into GST and highlights anticipated effects: simplification and harmonisation of the indirect tax regime, broadened tax base, improved compliance supported by IT readiness, and ongoing stakeholder consultations and training. en-us Fri, 10 Mar 2017 16:46:06 +0530 Fri, 10 Mar 2017 16:46:06 +0530 TaxTMI RSS Generator Roll out of GST-1st July 2017; Draft CGST Law and Draft IGST Law approved in the 11th Council Meeting held on 4 March 2017 https://www.taxtmi.com/news?id=17573 The document records administrative and legislative actions to implement GST by 1 July 2017, noting Council approvals of Draft CGST, Draft IGST and Draft GST Compensation laws, resolution of dual control through cross-empowerment to provide a single taxpayer interface, and consensus-based Centre-State decisions. It enumerates central and state levies to be subsumed into GST and highlights anticipated effects: simplification and harmonisation of the indirect tax regime, broadened tax base, improved compliance supported by IT readiness, and ongoing stakeholder consultations and training. News - Fri, 10 Mar 2017 16:46:06 +0530 https://www.taxtmi.com/news?id=17573