(NDTV)
A new clause has been introduced in the IGST to permit refund of taxes to foreign tourists for products bought during stay. The tax refund will be on the lines of VAT refund in UK.The bills – Central GST, Integrated GST, Union Territories GST and the compensation law – were approved by the cabinet earlier this month. Once these get Parliament’s approval, a State GST bill will be presented in state assemblies.The Cabinet approval came after the powerful GST Council, headed by Mr Jaitley and with state finance ministers as members, cleared the five draft laws, ironing out the remaining differences between the states and the Centre on how to implement the national tax that will replace a slew of indirect taxes.The BJP-led government wants to quickly push the bills through in the Lok Sabha, where it has a commanding majority, as it wants enough time to move them in the Rajya Sabha and bring back to the Lok Sabha any amendment suggested by the Upper House.
