...States have pooled in their sovereignty into the GST council, and Centre has done the same,” he said. The bills are the Central Goods and Services Tax Bill, 2017, the Integrated Goods and Services Tax Bill, 2017, the Goods and Services Tax (Compensation to States) Bill, 2017 and the Union Territory Goods and Services Tax Bill, 2017. The Integrated GST or IGST will be a tax to be levied by the Centre on inter-state movement of goods and services. The fourth law introduced is on Union Territory GST or UTGST for UTs such as Chandigarh and Daman & Diu, which do not have assemblies. Jaitley said all decisions on GST would be taken by the GST Council, reflecting the federal structure.

Source: The Telegraph March 29, 2017 09:22 UTC