Union Cabinet forms GST Council!

The cabinet has approved the formation of GST Council on Monday whose role will be to decidethe rates of taxation, recommend which taxes to be subsumed and exempted from GST, and making model Central, State and Integrated GST laws.

Union Finance Minister Arun Jaitley, who built the political consensus for the Constitution Amendment Bill and piloted it in Parliament, has scheduled the Councils first meeting for September 22 and 23.

Source:http://www.thehindu.com/news/national/cabinet-approves-creation-of-gst-council/article9099725.ece

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