GST BILL gets president Assent
The government plan to roll out GST by April 17 gets an inch closer by signing of Constitution 122nd Amendment Bill 2014 by President. It will be enacted as the Constituion 101 st Amendment Act 2016. A GST Council will be setup within 60 days, which will recommend GST Rate , Exempted Goods and Servicess, Subsumation of Surcharge etc. Later CGST , IGST Legislations have to be passed by parliament and SGST Legislation by all states.
We can expect implementation by 1st April 17. Be Prepared.
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