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Compensation law News

20 Mar 2017

Cabinet clears GST draft bills; reform to boost growth by 2%

The four supporting legislations -- the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST)-- would be introduced as Money Bill, sources said.

19 Mar 2017

Cabinet may tomorrow consider GST supplementary legislations

The Cabinet may on Monday take up for approval the supporting GST legislations, which will then be introduced in Parliament as the government sprints to meet the July 1 target date for rollout of the new indirect tax regime.

26 Nov 2016

GST law to have anti-profiteering clause, highest slab capped at 28%

To restrict any rise in the commodity prices post goods and services tax (GST) implementation, Centre has proposed an 'anti-profiteering' measure to ensure that trade and industry pass the benefits of reduction in tax rates to consumers.

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