In India history 29th march has been marked as the four key Goods and Services Tax bills is passed in the Lok Sabha. It gave approval to the bills related to i.e The Central GST Bill 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017.
It has been passed after seven long hours of debate in the Lok Sabha. The Government has set a target of first of July for the rollout of GST.
When the bill will get passed in parliament, the states will then take the state GST Bill to their respective assemblies.
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