ENA Economy 2017-03-20 06:54:26 <p><strong>New Delhi, Mar 20 (KNN)</strong> In an effort to ensure that GST is implemented from July 1 this year, the Cabinet has reportedly approved four Goods &amp; Services Tax bills.</p> <p>The four bills are likely to be taken up by Parliament this week, and a separate state GST bill in state assemblies later.</p> <p>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.</p> <p>The GST Council, comprising central and state finance ministers, has already cleared all five draft laws - the Central GST, Integrated GST, state GST, Union territory GST and rules on compensating states for revenue losses.</p> <p>While the S-GST has to be passed by each of the state legislative assemblies, the four other laws have to be approved by Parliament.</p> 16664 http://knnindia.co.in/news/newsdetails/economy/gst-implementation-gets-a-step-closer-cabinet-approves-draft-gst-bills 2017-03-20 06:54:26 knnindia.co.in