NEW DELHI: The GST Council today approved half of the rules needed for rollout of the Goods and Services Tax (GST) regime from July 1.
The panel headed by Finance Minister Arun Jaitley will meet again on May 18-19 in Srinagar to finalise the rates of different commodities and services as also to approve the remaining ones.
Jaitley said the Council gave approval to amending the five rules on registration of entities under the GST regime, filing of returns, payment of tax and refund, invoicing and debit and credit notes in consonance with the GST law approved by Parliament this week.
These rules were cleared in the meeting of the Council in September and today they were made in consonance with the Parliament approved law. (AGENCIES)
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