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GST Council Clears Draft Laws As Government Aims For July 1 Rollout
GST Council approves the draft CGST and IGST laws in its 11th meeting Centre wants to stick to the July 1 deadline to rollout GST Last month, the Council had approved a law to compensate states
04 Mar 2017, 07:41 PM IST 
The approval of state-GST (SGST) draft is on the anvil, says Arun Jaitley.
The GST Council unanimously approved the draft central GST and integrated GST laws in its 11th meeting today. The Centre wants to bring these bills in the second half of the Budget session that starts next week as it wants to stick to the July 1 deadline to rollout GST.
The Centre also agreed to apply the formula of composite tax of 5 per cent to eateries and restaurants whose annual turnover do not exceed 50 lakh. The move is expec...
