India Approves Creation of GST Council

According to a 12 September 2016 release from the Indian Ministry of Finance, the Indian (Union) Cabinet has approved the creation of the Goods and Services Tax (GST) Council. The GST Council will be a joint forum of the Centre (federal government) and the States, and is responsible for making recommendations on important issues related to India's new National GST regime, including:

• The goods and services that may be subjected or exempted from GST;
• Model GST Laws;
• Principles that govern plac…