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Monday, September 12, 2016

NDA Govt Cabinet approves constitution of GST Council Monday Sep 12,2016

The Union Cabinet on Monday Sep 12,2016 approved the constitution of the GST Council which will decide, among other things, the goods and services tax (GST) rate and prepare a model Bill for operationalisation of the new tax regime.

Union finance minister will head the GST Council that will comprise state finance ministers.

On last Thursday Sep 08,2016, President Pranab Mukherjee gave assent to the Constitution Amendment Bill on GST,

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