Finance Minister Arun Jaitley on Saturday said the Goods and Service Tax Council had approved the draft of the uniform tax’s compensation law. The law is one of many enabling laws under the GST constitutional amendment.

Other draft Bills that were not cleared in the council meeting in Udaipur will be taken up in the next meet, which will be held in Delhi on March 4 and 5.

Jaitley addressed the media and added that he planned to reintroduce the GST Bill in Parliament in the second half of the Budget Session, which starts on March 9. He said, “The GST’s compensation law states that if any state suffers loss it will be covered in first five years. Its legally vetted draft came before the Council and was the first law formally passed.”

The central government aims to introduce the uniform tax by July 1, three months after it had wanted to roll out the tax. The tax had gotten President Pranab Mukherjee’s approval on September 8, after being ratified by 16 states. It was passed by the Rajya Sabha on August 3. It seeks to replace India’s complicated tax regime comprising 17 different charges with a single levy.