Government to soon introduce 5 bills for implementation of GST

legislations will soon be introduced in Parliament with the objective of rolling out the comprehensive indirect tax reform GST from July 1, Finance Minister Arun Jaitley told the Lok Sabha today. 

"The Government will bring before Parliament four GST legislations and there will be a fifth legislation as Excise and Customs Acts will have to be amended. We will bring these legislations together to Parliament in the next few days," he said replying to a debate on the Finance Bill. 

The Union Cabinet this week cleared four supplementary Goods and Services Tax (GST) legislations which will be introduced in Parliament in the ongoing budget session. 

Appreciating the fact that all decisions relating to the model GST laws were taken by consensus at the GST Council, Jaitley said not a single decision has been taken by voting. 

GST Council, the apex decision making body for GST, has representation from the central government as well as all the state governments. 

So far 12 meetings of GST Council has taken place and many contentious issues were cleared by consensus, he said. 

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