On Wednesday March 30, the Goods and Services Tax (GST) cleared its last legislative hurdle with the Lok Sabha (lower house of India’s parliament) signing off on all the four bills crucial for the implementation of this seminal tax reform.
The central GST bill, the integrated GST bill, the union territory GST bill, and the GST (compensation to states) bill have now been put forth as money bills in the Rajya Sabha (the upper house of the parliament) which is required to submit its recommendations on the proposed laws by April 10 or so. India’s government hopes to push through these bills in Parliament before the end of the ongoing budget session on April 12.
Mint reports that the GST Council is expected to finalize nine sets of rules including those on valuation and the transition towards GST in its next meeting. It will also start the process of fitting various goods and services into the four slabs–5%, 12%, 18% and 28% — over April and May.
Last updated: December 26th, 2025
