Parliament passes 4 GST bills, July 1 rollout likely

NEW DELHI: India took a decisive step towards a possible July 1rollout of the goods and services tax (GST) with Parliament on Thurday giving nod to four related legislations that detail the provision of this single tax regime that will replace multiple state and central taxes to create one national market.

Finance minister Arun Jaitley said that once the new regime is implemented harassment of businesses by different authorities will end, and India will have one rate for one commodity throughout the country.

Article Source: “http://economictimes.indiatimes.com/news/politics-and-nation/parliament-passes-four-bills-to-pave-way-for-gst-rollout/articleshow/58050358.cms”

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