CGST Bill Summary

The Central Goods and Services Tax Bill, 2017 was introduced in Lok Sabha on March 27, 2017. The Bill provides for the levy of the Central Goods and Services Tax (CGST). Levy of CGST: The centre will levy CGST on the supply of goods and services within the boundary of a state. Supply include sale, transfer and lease made for a consideration to further a business. Tax rates : The tax rates of CGST…