GST: What still needs to be done

The Goods and Services Tax Council will meet on May 18-19 to finalise various rules involved with implementing the new tax regime in the country, including on issues like input tax credit, valuation norms, composition and transition provisions, among others. What remains to be done between now and the final rollout? Here’s a lowdown. What has been done so far? The GST Council has met 13 times to f…