New Delhi March 31 (IANS) In preparation of the impending new indirect tax regime from July 1 the Goods and Services Tax (GST) Council in its 13th meet on Friday gave tentative approval to the remaining set of rules said Union Finance Minister Arun Jaitley.
Today out of nine set of rules four have been tentatively approved. The other five which have already got approval have been corrected and brought in consonance with the Act Jaitley told media persons here after the Council meet.
The earlier approved five rules include - registration return payment refund invoice - debit and credit notes.
The four new rules will be put in public domain and will be taken up in the next meeting on May 18-19 in Srinagar Jaitley said.
The Council has decided that the final corrected draft of the four rules as approved on Friday will be put in public domain so that industry can make suggestions he said.
And if any changes are required as per industry suggestions in next meeting they will become final he added.
Meanwhile the officers committee will start working on fitment of goods in the various tax slabs - 5 per cent 12 per cent 18 per cent and 28 per cent the Finance Minister said.
--IANS
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Council tentatively approves GST Rules: Jaitley
