► September 2, 2016: 16 states ratify GST Bill; President Pranab Mukherjee gives assent to the Bill. ► September 12: Union Cabinet clears formation of GST Council * September 22-23: Council meets for first time. ► February 18: GST Council finalises draft compensation bill providing to make good any revenue loss to states in first five years of GST rollout. 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). ► May 18: GST Council fits over 1,200 goods in one of the four tax slabs of 5, 12, 18 and 28%.

Source: dna June 30, 2017 10:05 UTC