The Indian Lok Sabha (lower house of parliament) reportedly passed the four bills needed for the implementation of India's new GST regime on 29 March 2017, and passed the Finance Bill 2017 on 30 March 2017 after rejecting amendments put forward by the Rajya Sabha (upper house).
The four GST bills include the Central GST Bill, the Integrated GST Bill, the Union Territory GST Bill, and the GST Compensation to the States Bill ({News-2017-03-22/A/2- previous coverage}). Separate state GST bills…