The Goods and Services Tax (GST) Council, in its 11th meeting held on March 4, 2017, decided on some key contours of the CGST and IGST Acts. This meeting has effectively cleared the deck for the Central Government to take these two Bills to the Parliament for their passage in the ongoing Budget Session.
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The Goods and Service Tax (GST) bill, believed to be a significant reform in the Indian taxation system, is definitely a move closer to Digital India. Since the announcement, the bill has kept corporates and the accounting community busy with trying to figure out its impact. And with news coming in about a tentative mid 2017 roll out for GST, we think it's about time you start learning more about the topic so that you can be ready well in time.