* BJP opposes GST basic structure.Finance Ministry starts mission-mode computerisation of commercial taxes in states, to lay the foundation for GST rollout. * Pranab Mukherjee defers GST to April 1, 2011.UPA-II tables 115th Constitution Amendment Bill in the Lok Sabha for bringing GST.GST Bill referred to Parliamentary Standing Committee on Finance led by Yashwant Sinha. Lok Sabha and Rajya Sabha pass all the four key GST Bills - Central GST (CGST), Integrated GST (IGST), State GST (SGST) and Union Territory GST (UTGST).GST Council fits over 1,200 goods in one of the four tax slabs of 5, 12, 18 and 28%. Over 80% of goods of mass consumption either exempted or taxed under 5% slab. * GST Council fixes cess on luxury and sin goods to create kitty for compensating states.GST Council decides on 5, 12, 18 and 28% as service tax slabs.All states except Jammu and Kashmir pass SGST law.Mamata Banerjee announces her party's decision to skip midnight launch of GST.Congress, Left too decide to skip launch.Midnight: GST set to rollout.
Source: Times of India June 30, 2017 11:29 UTC