The Union cabinet finally approved the long-awaited GST draft bills in a meeting held in favor of India’s upcoming taxation regime, and now the remaining task is to get it approved in the Parliament as soon as possible. A total of four draft legislations are supposed to be introduced as money bills in the parliament i.e. the Compensation Law, the Central-GST (C-GST), Integrated-GST (I-GST) and Union Territory-GST (UT-GST) after the approval of Union cabinet and earlier got approved in the meeting of GST council.