ANYHOW GST !!!!

                                    

Next steps for the implementation of Goods and Service Tax (GST)

Moving a step closer to the implementation of GST from July 1, the GST Council cleared two draft legislations—the /central GST and Integrated GST—in its March 4 meeting in New Delhi. A look at the next steps required to meet the deadline:

·         The GST council will consider the draft of the State GST (SGST) and Union Territory GST law in its next meeting on 16 March

·           All the bills will be taken to the Union Cabinet for its approval.

·          The bills, with the exception of the state GST bill, will be tabled in Parliament for its vote.

·          The SGST bill will go to state legislative assemblies for approval.

·        Once the bills are voted through in Parliament, the GST network will start issuing GST IDs to taxpayers.

·      Having approved all the draft laws, the GST council will start work on fitment of goods and services into the various tax rates.

From Sources:-