The 122ND Constitutional Amendment Bill for the introduction of Goods and Services Tax (GST) in the Indian Constitution has been passed by the Rajya Sabha. The Bill has already passed by the Lower House (Lok Sabha) on 6th May 2015. Further, the Empowered Committee of the State Finance Ministers has released Model GST Law in June 2016. In order to have GST as the indirect Taxation Structure in force following steps needs to be followed: Steps to convert GST a reality

• 122nd Constitutional Amendment Bill to be ratified by at least 50% of the State Legislatures under Article 368 of the Constitution.

• Assent by President of India to the 122nd Constitutional Amendment Bill will require.

• After Constitutional amendment GST Council (GSTC) to be constituted within 60 days under Section 279A of the amended Constitution.

• GSTC to recommend GST Law and procedure. IGST and CGST bill for Parliament/Centre and Model SGST bill for State Legislature.

• CGST and IGST Laws to be introduced in Parliament and will require be passed by simple majority.

• SGST Laws to be passed by concerned state legislatures.

• Once Approval from Parliament and States, GSTN (GST network a Section 8 Company will launch the IT Platform for implementation of GST).