Lok Sabha passes 4 key GST bills, India inches closer to July rollout of tax reform India’s plans to rollout GST from July 1 The Lok Sabha on March 29 Wednesday passed four crucial legislations to introduce a countrywide Goods and Services Tax (GST) bringing India closer to a unified tax regime. The Lok Sabha passed the Central GST Bill, 2017 (CGST Bill), Integrated GST Bill, 2017 (IGST Bill), Union Territory GST Bill, 2017 (UTGST Bill) and the GST (Compensation to the States) Bill 2017 after more than eight hours of debate. The passage of the Bills marks a big step forward in India’s plans to rollout GST from July 1. The fifth law — SGST Bill — will be taken by the state governments through their cabinets to the respective state assemblies. Also Read- GST Bill Debate- 4 GST Bills get Lok Sabha approval “The GST Council is India’s federal decision making authority,” Finance Minister Arun Jaitley said while replying to the marathon discussion in ...