President Pranab Mukherjee on 13 April 2017 signed four enabling Bills related to the goods and services tax (GST) into law, taking the country a step closer to its biggest indirect tax reform.
The President has given his assent to the Central GST Act, 2017, the Union Territory GST Act, 2017, the Integrated GST Act, 2017 and the GST (Compensation to States) Act, 2017. “These Bills have been enacted on April 12,” said the Central Board of Excise and Customs. The tax now has legal backing.
The government is hoping to implement GST across the country from July 1, 2017.