President Pranab Mukherjee gave his assent to the landmark Goods and Services Tax (GST) bill, a major step towards rolling out the new indirect tax effect from April 1 Next Year. This bill was passed Unanimously by the Rajya Sabha and the Lok Sabha in August. After the president assents, the government will notify the GST Council, Union Finance Minister will head the council, which will comprise state Finance Ministers.

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